Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
Died
This idea didn't make it. It stopped moving and won't become a law this time.
In plain words
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An act to provide that for calendar year 2026 and for each calendar year thereafter, if the true value of any property determined for ad valorem taxation purposes increases by more than 5% above the true value of the property for the next preceding year, the portion of the true value of the property that is more than 5% above the true value of the property for the next preceding year shall be exempt from ad valorem taxation; To bring forward section 27-35-50, mississippi code of 1972, which provides for the determination of true value of property for ad valorem taxation purposes, for the purposes of possible amendment; And for related purposes.
