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MS SB2892

Bill

Official Source

Status

Failed

6/3/2020

Primary Sponsor

Michael McLendon

Click for details

Origin

Senate

2020 Regular Session

AI Summary

  • Exempts all real property located in areas annexed by a municipality from ad valorem taxation for 12 months after the date of annexation.

  • Exempts all motor vehicles registered to an address in an area annexed by a municipality from ad valorem taxation for 12 months after the date of annexation.

  • Amends Section 27-31-1, Mississippi Code of 1972, to add the real property exemption as subsection (nn).

  • Amends Section 27-51-41, Mississippi Code of 1972, to add the motor vehicle exemption as subsection (y).

  • Takes effect July 1, 2020.

Legislative Description

Ad valorem taxes; exempt real property and motor vehicles in an area annexed by a municipality for 12 months after annexation.

Last Action

Died In Committee

6/3/2020

Committee Referrals

Finance2/28/2020

Full Bill Text

No bill text available