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MS HC23

Concurrent Resolution

Official Source

Status

Failed

2/5/2019

Primary Sponsor

Steve Hopkins

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Proposes amendment to Section 112 of the Mississippi Constitution of 1890 to reduce the assessment ratio for motor vehicles from 30% to 15% of true value for ad valorem tax purposes.
  • Motor vehicles would be assessed at the same ratio as Class II real property and Class III personal property under the five-class property taxation system.
  • Amendment would be submitted to qualified Mississippi voters at the election on the first Tuesday after the first Monday of November 2019.
  • Ballot explanation states the amendment "reduces the assessment ratio of motor vehicles, for purposes of ad valorem taxation, from thirty percent (30%) to fifteen percent (15%) of true value."

Legislative Description

Constitution; amend to reduce assessment ratio for motor vehicles.

Last Action

Died In Committee

2/5/2019

Committee Referrals

Constitution1/21/2019

Full Bill Text

No bill text available