MS HB850

Authorizes levying authorities for school districts in conservatorship to approve or disapprove, in full or in part, requests for ad valorem tax increases of 4% or less without requiring a referendum.

Requires any levying authority member who is a school district employee to recuse themselves from voting on the school district's ad valorem tax request.

Applies the new conservatorship approval power to both situations where millage rates are 55 mills or less with increases not exceeding 4% (Section 37-57-104) and where ad valorem tax effort dollars exceed the prior year by not more than 4% (Section 37-57-105).

Maintains existing requirements for referendums on tax increases exceeding 4% and existing millage rate caps and limitations for non-conservatorship districts.

Effective July 1, 2023.