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MS HB374

Bill

Official Source

Status

Failed

2/27/2019

Primary Sponsor

Robert Foster

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Exempts personal property owned and used by business enterprises solely on their premises from ad valorem taxation, effective January 1, 2020
  • Applies only to eligible personal property with a true value under $100.00, defined as furniture, fixtures, and/or equipment classified as personal property for tax purposes
  • Excludes motor vehicles, Class IV property as defined in the Mississippi Constitution of 1890, and property eligible for income tax credits under Section 27-7-22.5
  • Effective date is July 1, 2019

Legislative Description

Ad valorem tax; exempt certain business personal property from.

Last Action

Died In Committee

2/27/2019

Committee Referrals

Ways and Means1/14/2019

Full Bill Text

No bill text available