HB705 - Nuclear generating plants; repeal provisions of law that provides ad valorem tax exemption for.
Jeffery Harness, Robert L Johnson, Christopher Bell
Last updated 6 months ago
3 Co-Sponsors
An Act To Amend Section 27-35-309, Mississippi Code Of 1972, To Repeal The Provision Of Law That Exempts From Ad Valorem Taxation Any Nuclear Generating Plant Located In The State Which Is Owned Or Operated By A Public Utility Rendering Electric Service Within The State And Which Is Not Owned Or Operated By An Instrumentality Of The Federal Government, And That Provides For Such A Public Utility To Make Payments In Lieu Of Ad Valorem Taxes; To Bring Forward Sections 19-9-151, 19-9-153, 19-9-155 And 19-9-157, Mississippi Code Of 1972, Which Relate To In-lieu Payments To Counties In Which Nuclear Generating Plants Are Located, For The Purposes Of Possible Amendment; To Bring Forward Section 27-39-305, Mississippi Code Of 1972, Which Authorizes Counties To Levy Ad Valorem Taxes For Maintenance And Construction Of Roads And Bridges, For The Purposes Of Possible Amendment; To Bring Forward Section 27-39-320, Mississippi Code Of 1972, Which Provides For Limitations On Increases Of Ad Valorem Tax Revenues, For The Purposes Of Possible Amendment; To Bring Forward Section 33-15-51, Mississippi Code Of 1972, Which Creates The Grand Gulf Disaster Assistance Trust Fund, For The Purposes Of Possible Amendment; To Bring Forward Section 37-57-105, Mississippi Code Of 1972, Which Authorizes And Provides The Procedure For The Levy Of Certain Ad Valorem Taxes For School District Purposes, For The Purposes Of Possible Amendment; To Bring Forward Section 37-151-7, Mississippi Code Of 1972, Which Relates To The Determination Of Annual Allocations To School Districts For Operation Under The Mississippi Accountability And Adequate Education Program Act Of 1997, For The Purposes Of Possible Amendment; To Bring Forward Section 37-151-87, Mississippi Code Of 1972, Which Relates To The Reduction Of Local Supplement Or Support From Ad Valorem Taxation Under The Mississippi Accountability And Adequate Education Program Act Of 1997, For The Purposes Of Possible Amendment; And For Related Purposes.
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