MS SB2369

Removes the reverter on Section 27-35-157, Mississippi Code of 1972, making permanent a provision that allows taxpayers to pay back ad valorem taxes without penalty or interest when a county board of supervisors inadvertently extended an authorized tax exemption beyond its authorized period.

Eliminates the July 1, 2020 sunset date on the provision allowing waiver of the standard 10% penalty and 6% annual interest on taxes that escaped assessment due to inadvertent exemption extension.

Applies only to properties that escaped taxation due to county board errors in extending exemptions authorized under Sections 27-31-101 through 27-31-117.

Takes effect upon passage.