Find Laws Find Lawyers Free Legal Forms USA State Laws

MISSISSIPPI STATUTES AND CODES

27-31-33 - Certain leasehold interests belonging to the state or a political subdivision.

§ 27-31-33. Certain leasehold interests belonging to the state or a political subdivision.
 

(1)  All leasehold interests in any property, real or personal, belonging to the State of Mississippi, counties, districts, municipalities or any other political subdivision, which were created prior to July 1, 1984, pursuant to a lease agreement or contract and which had been allowed an ad valorem tax exemption, or treated as exempt from ad valorem taxation, prior to July 1, 1984, shall be exempt from ad valorem taxation unless such leasehold interest is made subject to ad valorem taxation by statute or by the terms of the lease agreement or contract creating such leasehold interest. 

(2)  The exemption granted in this section shall not apply to a leasehold interest in property belonging to the Pearl River Valley Water Supply District. 

(3)  This section shall apply to assessments of real property for ad valorem taxation for the 1984 taxable year and each taxable year thereafter. 
 

Sources: Laws,  1984, ch. 456, § 1; Laws, 1985, ch. 467, § 1, eff from and after passage (approved April 3, 1985).
 

Mississippi Forms by Issue

Mississippi Business Forms
Mississippi Court Forms
> Case Evaluation
> Dispute
Mississippi Divorce Forms
Mississippi Family Forms
Mississippi Gun Forms
Mississippi Marriage Forms
Mississippi Name Change Forms
Mississippi Tax Forms

Mississippi Law

Mississippi State Laws
    > Mississippi Child Support
    > Mississippi Gun Laws
    > Mississippi Statute
Mississippi Tax
    > Mississippi State Tax
Mississippi Agencies
    > Mississippi Department of Corrections
    > Mississippi Department of Education
    > Mississippi Secretary of State
    > Mississippi State Tax Commission

Mississippi Court Map

Tips