l9n/ Mississippi

2025 Regular Session

Senate Bill 2968

Ad valorem tax; specify provisions for determining the true value of rural structures.

Did not become law. It stopped in the Senate on March 29, 2025. The 2025 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 27-35-50, MISSISSIPPI CODE OF 1972, TO SPECIFY PROVISIONS FOR DETERMINING THE TRUE VALUE OF RURAL STRUCTURES FOR AD VALOREM TAX ASSESSMENT PURPOSES; TO REQUIRE THAT THE TRUE VALUE OF ANY RURAL STRUCTURE APPRAISED BEFORE JANUARY 1, 2025, BE RECALCULATED FOR 2025 AND SUBSEQUENT TAX YEARS IN ACCORDANCE WITH THIS ACT, BEGINNING WITH A REAPPRAISAL OF THE TRUE VALUE AS OF THE YEAR OF THE INITIAL APPRAISAL; TO REQUIRE THE TAX ASSESSOR, IN ARRIVING AT THE TRUE VALUE OF A RURAL STRUCTURE IN OPERATION ON OR BEFORE JANUARY 1, 2025, TO FOLLOW THE GUIDELINES IN THE DEPARTMENT OF REVENUE APPRAISAL MANUAL IN USE IMMEDIATELY PRIOR TO THE VERSION REVISED DECEMBER 2020; TO REQUIRE THE TAX ASSESSOR, IN ARRIVING AT THE TRUE VALUE OF A RURAL STRUCTURE PLACED IN OPERATION AFTER JANUARY 1, 2025, TO FOLLOW THE GUIDELINES IN THE MOST CURRENT VERSION OF THE DEPARTMENT OF REVENUE APPRAISAL MANUAL; TO PROVIDE THAT, AFTER THE INITIAL APPRAISAL, THE TRUE VALUE OF SUCH A RURAL STRUCTURE SHALL BE BASED SOLELY ON DEPRECIATION AT A RATE OF 7% PER YEAR; TO PROVIDE THAT NET DEPRECIATION OF A POULTRY HOUSE SHALL NOT FALL BELOW 20% OF THE ORIGINAL TRUE VALUE; TO REQUIRE THAT AN ADJUSTMENT OF 45% FOR ECONOMIC OBSOLESCENCE BE APPLIED TO ALL POULTRY HOUSES USED IN COMMERCIAL FARMING OPERATIONS; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

21 co-sponsors

Jeff Tate, Dean Kirby, Kevin Blackwell, J. Walter Michel, Chad McMahan, Lydia Graves Chassaniol, Dennis DeBar, Jr., Michael McLendon, Robin Robinson, Chuck Younger, Jeremy England, Tyler McCaughn, Neil S. Whaley, Rita Potts Parks, Andy Berry, Bart Williams, Philman Ladner, Joseph M. Seymour, Benjamin Suber, Nicole Boyd, Angela Burks Hill

Its course

February 12 to March 29, 2025, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action14 actions on 11 days

In the SenateFeb 12 to Feb 2614 days

FinanceFeb 12 to Feb 2513 days

In the House of RepresentativesFeb 26 to Mar 1820 days

Ways and MeansFeb 28 to Mar 1717 days

Back in the SenateMar 18 to Mar 29 · stopped11 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Mar 18

Text

Each version as the Legislature printed it.

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

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the Senate Feb 12 – Feb 26

  1. Feb 12Referred to the Senate committee on Finance
  2. Feb 25Reported from committee in the Senate: title sufficient, do pass as a committee substitute
  3. Feb 26Committee substitute adopted in the Senate
  4. Passed the Senate

In the House of Representatives Feb 27 – Mar 18

  1. Feb 27Sent to the House
  2. Feb 28Referred to the House committee on Ways and Means
  3. Mar 17Reported from committee in the House: title sufficient, do pass as amended
  4. Mar 18Amended in the House
  5. Passed the House as amended

Back in the Senate Mar 19 – Mar 29

  1. Mar 19Returned to the Senate to concur in the House's amendments
  2. Mar 20Declined in the Senate to concur, and invited a conference
  3. Mar 28Conferees named in the Senate: Harkins, Johnson and Rhodes
  4. Conferees named in the House: Lamar, Steverson and Powell
  5. Mar 29Died in conference in the Senate
All 14 actions, as published
  1. Feb 12Referred To FinanceSenate
  2. Feb 25Title Suff Do Pass Comm SubSenate
  3. Feb 26Committee Substitute AdoptedSenate
  4. Feb 26PassedSenate
  5. Feb 27Transmitted To HouseSenate
  6. Feb 28Referred To Ways and MeansHouse of Representatives
  7. Mar 17Title Suff Do Pass As AmendedHouse of Representatives
  8. Mar 18AmendedHouse of Representatives
  9. Mar 18Passed As AmendedHouse of Representatives
  10. Mar 19Returned For ConcurrenceHouse of Representatives
  11. Mar 20Decline to Concur/Invite ConfSenate
  12. Mar 28Conferees Named Harkins,Johnson,RhodesSenate
  13. Mar 28Conferees Named Lamar,Steverson,PowellHouse of Representatives
  14. Mar 29Died In ConferenceSenate