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MS HB830

MS HB830
Ad valorem taxes; revise certain provisions regarding limitations on increases.


summary

Introduced
01/16/2026
In Committee
01/16/2026
Crossed Over
Passed
Dead
02/03/2026

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Sections 27-39-321, 27-39-305 And 27-39-320, Mississippi Code Of 1972, To Revise Certain Provisions Relating To Limitations On Ad Valorem Tax Increases And Revenues; To Amend Sections 19-3-113, 19-5-21, 19-5-189, 19-29-18, 21-27-175, 21-29-117, 21-29-219, 27-39-323, 27-39-325, 37-29-103, 49-28-27 And 57-64-53, Mississippi Code Of 1972, In Conformity Thereto; To Amend Section 37-57-104, Mississippi Code Of 1972, To Authorize The Levying Authority For A School District To Approve, In Full Or In Part, A Request For An Increase In The Ad Valorem Tax Effort For The School District; To Amend Section 37-57-105, Mississippi Code Of 1972, In Conformity Thereto; To Bring Forward Section 37-57-107, Mississippi Code Of 1972, Which Relates To The Levy Of Ad Valorem Taxes For School Districts, For Purposes Of Possible Amendment; And For Related Purposes.

AI Summary

This bill revises provisions related to limitations on ad valorem tax increases and revenues, primarily by reducing the allowable annual increase in ad valorem tax receipts from ten percent (10%) to two percent (2%) for most political subdivisions, though certain levies like those for school districts, roads, bridges, and bond payments are excluded from this limitation. The bill also introduces a requirement for taxing authorities to adopt a resolution declaring their intention to increase taxes before implementing any increase, and in some cases, requires an election for such increases. Additionally, it makes conforming amendments to various sections of the Mississippi Code of 1972 to align with these changes, including provisions for school districts to approve tax increases and adjustments to how these limitations apply to specific funds and entities.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Died In Committee (on 02/03/2026)

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