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MS SB2027

Bill

Official Source

Status

Failed

2/22/2023

Primary Sponsor

Michael McLendon

Click for details

Origin

Senate

2023 Regular Session

AI Summary

  • Real property located in an area annexed by a municipality is exempt from all municipal ad valorem taxes for 12 months after the date of annexation

  • Motor vehicles registered to an address in an annexed area are exempt from all municipal ad valorem taxes for 12 months after the date of annexation

  • Amends Section 27-31-1 (property tax exemptions) and Section 27-51-41 (motor vehicle tax exemptions) of the Mississippi Code of 1972

  • Effective date: January 1, 2023

Legislative Description

Municipal ad valorem taxes; exempt real property and motor vehicles in an annexed area for 12 months after annexation.

Last Action

Died In Committee

2/22/2023

Committee Referrals

Finance1/9/2023

Full Bill Text

No bill text available