MS HB1256

Authorizes school boards to extend the ad valorem tax payment due date on sixteenth section land leases by a vote of at least two-thirds of board members, no earlier than 40 days after taxes are due, for good cause shown.

Requires school boards granting tax extensions to adopt an order establishing payment terms for taxes in arrears and notify the tax collector with a certified copy of the board minutes.

Applies the same extension authority to drainage taxes and assessments on sixteenth section lands, with identical procedural requirements and timing restrictions.

Brings forward existing code sections regarding superintendent collection duties for sixteenth section land rentals, taxation of sixteenth section leaseholds, and the February 1 ad valorem tax due date for possible amendment.

Takes effect July 1, 2020, and does not affect any tax claims or assessments that accrued before the effective date.