Senate Bill 2578

AN ACT TO AMEND SECTION 27-35-157, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF PROPERTY IS FOUND TO HAVE ESCAPED AD VALOREM TAXATION DUE TO A COUNTY BOARD OF SUPERVISORS HAVING GRANTED AN AD VALOREM TAX EXEMPTION AUTHORIZED BY LAW AND THEN INADVERTENTLY ALLOWING THE EXEMPTION TO EXTEND BEYOND THE PERIOD AUTHORIZED BY LAW FOR THE EXEMPTION, A TAXPAYER MAY PAY THE AD VALOREM TAXES, WITHOUT ANY PENALTY OR INTEREST, WHICH OTHERWISE WOULD HAVE BEEN LEVIED ON THE PROPERTY HAD IT NOT BEEN INADVERTENTLY EXEMPTED FROM AD VALOREM TAXATION BY THE COUNTY BOARD OF SUPERVISORS; TO BRING FORWARD SECTION 27-35-155, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE ASSESSMENT OF PROPERTY HAVING ESCAPED AD VALOREM TAXATION, FOR THE PURPOSES OF POSSIBLE AMENDMENT; TO AMEND SECTION 27-33-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A QUALIFIED HOMEOWNER CLAIMING A HOMESTEAD EXEMPTION ALLOWED FOR A PERSON WHO IS SIXTY-FIVE YEARS OF AGE OR OLDER OR TOTALLY DISABLED SHALL BE ALLOWED AN ADDITIONAL EXEMPTION FROM ALL AD VALOREM TAXES ON AN AMOUNT EQUAL TO THE DIFFERENCE BETWEEN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY ON JANUARY 1, 2018, OR JANUARY 1 OF THE FIRST YEAR FOR WHICH THE QUALIFIED HOMEOWNER CLAIMS AN EXEMPTION ON THE PROPERTY, AND ANY INCREASE IN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY RESULTING FROM AN UPDATE IN VALUATION OF THE HOMESTEAD PROPERTY THAT IS COMPLETED DURING THE TIME THE QUALIFIED HOMEOWNER OWNS THE PROPERTY; TO PROVIDE THAT IF A SUBSEQUENT UPDATE IN VALUATION OF THE HOMESTEAD PROPERTY THAT IS COMPLETED DURING THE TIME THE QUALIFIED HOMEOWNER OWNS THE PROPERTY RESULTS IN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY BEING LESS THAN THE ASSESSED VALUE OF THE PROPERTY ON JANUARY 1, 2018, OR JANUARY 1 OF THE FIRST YEAR FOR WHICH THE QUALIFIED HOMEOWNER CLAIMS HOMESTEAD EXEMPTION FOR THE PROPERTY, THEN THE EXEMPTION AUTHORIZED UNDER THIS ACT SHALL BE ON AN AMOUNT EQUAL TO THE DIFFERENCE BETWEEN SUCH LOWER ASSESSED VALUE AND ANY INCREASE IN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY RESULTING FROM A SUBSEQUENT UPDATE IN VALUATION OF THE HOMESTEAD PROPERTY THAT IS COMPLETED DURING THE TIME THE QUALIFIED HOMEOWNER OWNS THE PROPERTY; AND FOR RELATED PURPOSES.

In the Senate

• Rita Potts Parks

  Sponsor

• Senate floor amendmentAdopted

  Adopted Jan 31

• House of Representatives committee amendmentAdopted

  Adopted Feb 28

l9n doesn't hold this bill's text yet.

In the Senate Jan 15 – Jan 31

1. Jan 15Referred to the Senate committee on Finance
2. Jan 25Reported from committee in the Senate: title sufficient, do pass
3. Jan 31Amended in the Senate
4. Passed the Senate as amended

In the House of Representatives Feb 2 – Feb 28

1. Feb 2Sent to the House
2. Feb 19Referred to the House committee on Ways and Means
3. Feb 27Reported from committee in the House: title sufficient, do pass as amended
4. Feb 28Amended in the House
5. Passed the House as amended

Back in the Senate Mar 1 – Apr 2

1. Mar 1Returned to the Senate to concur in the House's amendments
2. Mar 6Concurred in the Senate in the House's amendments
3. Motion in the Senate to reconsider entered
4. Mar 14Reconsidered in the Senate
5. Declined in the Senate to concur, and invited a conference
6. Mar 23Conferees named in the Senate: Fillingane, Kirby and Parks
7. Mar 24Conferees named in the House: Smith, Lamar and Carpenter
8. Mar 26Conference report filed in the Senate
9. Conference report filed in the House
10. Mar 27Conference report adopted in the Senate
11. Conference report adopted in the House
12. Apr 2Enrolled bill signed in the Senate

To the Governor Apr 2 – Apr 12

1. Apr 2Enrolled bill signed in the House
2. Apr 12Approved by the Governor