AN ACT TO AMEND SECTION 27-33-75, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A QUALIFIED HOMEOWNER WHO IS A LINEAL DESCENDANT OF PREVIOUS OWNERS OF THE PROPERTY FOR WHICH HOMESTEAD EXEMPTION HAS BEEN CLAIMED FOR NO LESS THAN FIFTEEN YEARS SHALL BE ALLOWED AN ADDITIONAL EXEMPTION ON CERTAIN AD VALOREM TAXES ON THE INCREASE IN THE ASSESSED VALUE OF THE HOMESTEAD PROPERTY RESULTING FROM A SUBSEQUENT UPDATE IN VALUATION OF THE PROPERTY; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 27-33-75