27-33-79 - Reimbursement of tax losses as affected by reduction of approved homestead applicants. - Mississippi Statutes

§ 27-33-79. Reimbursement of tax losses as affected by reduction of approved homestead applicants.
 

Notwithstanding the limitation imposed on reimbursement of tax losses in Section 27-33-77, no taxing unit shall be reimbursed more than one hundred six percent (106%) or less than the amount of the reimbursement made to the same taxing unit, for the next preceding year, unless such reimbursement is reduced as a result of a reduction in approved homestead applicants; however, for the 1986 calendar year, no taxing unit shall be reimbursed less than the amount of the reimbursement made to the same taxing unit for the 1985 calendar year. 
 

Sources: Laws,  1984, ch. 453, § 8, eff from and after January 1, 1985.