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Bill > HB664
MS HB664
MS HB664Homestead exemption; increase for persons 65 years of age or older or totally disabled.
summary
Introduced
01/16/2023
01/16/2023
In Committee
01/16/2023
01/16/2023
Crossed Over
Passed
Dead
02/22/2023
02/22/2023
Introduced Session
2023 Regular Session
Bill Summary
An Act To Amend Section 27-33-75, Mississippi Code Of 1972, To Provide That Persons Who Are Sixty-five Years Of Age Or Older Or Who Are Totally Disabled Shall Be Exempt From All Ad Valorem Taxes On The Assessed Value Of Homestead Property; And For Related Purposes.
AI Summary
This bill proposes to amend the Mississippi Code of 1972 to provide that persons who are 65 years of age or older or who are totally disabled shall be exempt from all ad valorem (property) taxes on the assessed value of their homestead property. Specifically, the bill would exempt the full assessed value of the homestead property, rather than just a portion of the assessed value as in the current law. This change would take effect starting with exemptions claimed in the 2024 calendar year.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/22/2023)
Taxonomy
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Assistance to the Disabled and Handicapped
- ‐ Services for the Elderly and Senior Citizens
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://billstatus.ls.state.ms.us/2023/pdf/history/HB/HB0664.xml | 01/16/2023 |
| BillText | http://billstatus.ls.state.ms.us/documents/2023/html/HB/0600-0699/HB0664IN.htm | 01/17/2023 |
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