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MS HB862
Bill
Status
6/9/2020
Primary Sponsor
John Lamar
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AI Summary
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Amends Section 27-35-305, Mississippi Code of 1972, regarding penalties for railroads and public service corporations that fail to submit property schedules to the Department of Revenue for ad valorem tax assessment purposes.
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Changes the penalty language from "up to" ten percent (10%) of the assessment to "in the amount of" ten percent (10%), making the penalty a fixed amount rather than discretionary.
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Replaces all references to "State Tax Commission" with "Department of Revenue" throughout the statute.
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Takes effect July 1, 2020.
Legislative Description
Ad valorem tax; revise penalty for failure of public service corporations to render schedules of property to Department of Revenue for assessment purposes.
Last Action
Died In Committee
6/9/2020