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MS SB2845
Bill
Status
Failed
2/2/2021
Primary Sponsor
Melanie Sojourner
Click for details
AI Summary
- Motor vehicle ad valorem taxes would be assessed based on the actual purchase price of each vehicle rather than the current uniform assessment schedule prepared by the State Tax Commission
- Repeals seven existing sections of Mississippi Code (27-51-19, 27-51-21, 27-51-23, 27-51-35, 27-51-37, 27-51-39, and 27-51-45) that establish motor vehicle assessment schedules for ad valorem tax purposes
- Manufactured homes and mobile homes would continue to be assessed using the Department of Revenue's assessment schedule, with a formal objection process for owners to challenge valuations
- Updates statutory references throughout Mississippi Code to reflect the transition from "State Tax Commission" to "Department of Revenue"
- Effective date of July 1, 2021
Legislative Description
Motor vehicle ad valorem taxes; assess based on actual purchase price of vehicle.
Last Action
Died In Committee
2/2/2021
Committee Referrals
Finance1/18/2021
Full Bill Text
No bill text available