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MS SB2298
Bill
AI Summary
- Amends Section 27-33-67 of Mississippi Code to modify homestead exemption eligibility for jointly owned property
- Allows a joint property owner age 65 or older to receive the full over-65 homestead exemption if no other joint owner resides at the property
- Previously, exemptions on jointly owned property (other than husband-wife or fee simple ownership) were calculated based on each owner's pro rata share
- Applies to owners utilizing the property as a homestead and meeting the age requirement
- Effective July 1, 2019
Legislative Description
Homestead exemption; a joint owner who fulfills the age requirement qualifies for the exemption in full under certain circumstances.
Last Action
Died In Committee
2/27/2019
Committee Referrals
Finance1/21/2019
Full Bill Text
No bill text available