Bill
Bill > HB1514
summary
Introduced
01/19/2026
01/19/2026
In Committee
01/19/2026
01/19/2026
Crossed Over
Passed
Dead
02/03/2026
02/03/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Provide That Before The Completion Of Any Real Estate Closing, A Purchaser Must Be Provided Notice That Ad Valorem Taxes Are Due On The Subject Real Estate Unless It Is Exempt From Ad Valorem Taxation, That The Payment Of Ad Valorem Taxes On The Subject Real Estate May Be In Arrears And That The Subject Real Estate May Have Been Sold For The Nonpayment Of Ad Valorem Taxes; And For Related Purposes.
AI Summary
This bill requires that before any real estate closing, the buyer must be given a notice informing them that ad valorem taxes, which are taxes based on the assessed value of property, are due on the property unless it's exempt from these taxes, that these taxes might be overdue, and that the property could have been sold due to unpaid taxes. This provision aims to ensure buyers are fully aware of potential tax liabilities associated with their new property before finalizing the purchase.
Committee Categories
Justice
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/HB1514.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/1500-1599/HB1514IN.htm |
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