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MS HB697

Bill

Official Source

Status

Passed

6/29/2020

Primary Sponsor

Jerry Turner

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Amends Section 27-35-157 of the Mississippi Code to remove a sunset provision (reverter) that was set to expire July 1, 2020
  • Allows taxpayers to pay ad valorem taxes without penalty or interest when property was inadvertently exempted beyond the authorized period due to county board of supervisors error
  • Applies to properties that escaped taxation when a county board granted an ad valorem tax exemption authorized under Sections 27-31-101 through 27-31-117 and then improperly extended it beyond the legal timeframe
  • Makes the exemption provision permanent rather than temporary, eliminating the previous July 1, 2020 expiration date
  • Becomes effective upon passage

Legislative Description

Ad valorem taxes; extend reverter on authority for late payment without penalty or interest when exemption was inadvertently extended.

Last Action

Approved by Governor

6/29/2020

Committee Referrals

Finance5/11/2020
Ways and Means2/6/2020

Full Bill Text

No bill text available