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Mississippi Legislature Authorizes Borrowing to Pay Ad Valorem Tax Refunds

Strategic Insights

— 1 min read

The Mississippi Legislature has taken action to permit the Board of Supervisors of Sunflower County to borrow money to pay refunds of ad valorem tax payments collected in error. This decision was made after the county's erroneous collections exceeded $100,000. The authorization allows the county to issue negotiable notes or certificates of indebtedness to cover the refunds.

Key Takeaways:

  • The Mississippi Legislature authorized the Sunflower County Board of Supervisors to borrow money to pay refunds of ad valorem tax payments collected in error, with the aggregate amount exceeding $100,000.
  • The authorization was made after the county's erroneous collections surpassed the $100,000 threshold.
  • The county is permitted to issue negotiable notes or certificates of indebtedness to cover the refunds.
  • The measure was referred to the Local and Private Committee in both the Senate and House of Representatives.
  • The Principal Author of the legislation is Senator Simmons (13th).
  • The title of the act is "AN ACT TO AUTHORIZE THE BOARD OF SUPERVISORS OF SUNFLOWER COUNTY, MISSISSIPPI TO BORROW MONEY EVIDENCED BY NEGOTIABLE NOTES OR CERTIFICATES OF INDEBTEDNESS TO PAY REFUNDS OF AD VALOREM TAX PAYMENTS COLLECTED IN ERROR IF THE AGGREGATE AMOUNT COLLECTED ERRONEOUSLY IS IN EXCESS OF $100,000.00."
  • The legislation was last updated on March 24, 2015.

Statistics:

  • $100,000: The aggregate amount of ad valorem tax payments collected in error that triggered the authorization.
  • 3/10 (S): The date the measure was referred to the Local and Private Committee in the Senate.
  • 3/17 (S): The date the measure passed the Senate Title Suff Do Pass.
  • 3/18 (S): The date the measure passed in the Senate.
  • 3/19 (H): The date the measure was referred to the Local and Private Legislation Committee in the House.
  • 3/24 (H): The date the measure passed the House with amendments.

Sources:

  • Mississippi Legislature (Daily Action Report, March 10, 2015)
  • Mississippi Legislature (Fiscal Note, March 24, 2015)
  • [No additional sources were provided in the original material.]

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