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Bill > HB488
MS HB488
MS HB488Ad valorem taxes; revise certain provisions regarding disposition of excess proceeds from sale of land for.
summary
Introduced
01/12/2026
01/12/2026
In Committee
01/12/2026
01/12/2026
Crossed Over
Passed
Dead
02/03/2026
02/03/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Amend Section 27-41-77, Mississippi Code Of 1972, Which Relates To Land Sold For Nonpayment Of Taxes And The Disposition Of Any Excess In The Amount Bid For The Land, To Remove The Provision That Establishes A Period Of Two Years Within Which A Landowner May Request Payment To Him Of Such Excess Bid If The Land Is Not Redeemed; And For Related Purposes.
AI Summary
This bill amends Mississippi law concerning ad valorem taxes, specifically how excess money from the sale of land for unpaid taxes is handled. Previously, if land sold for taxes brought in more money than was owed for taxes and costs, the landowner had a two-year period after the redemption period expired to request that excess amount from the county. This bill removes that two-year window, meaning landowners will no longer have a specific timeframe to claim any excess funds if their land is not redeemed or the sale is otherwise invalidated, and the county will retain these excess funds.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0488.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/0400-0499/HB0488IN.htm |
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