Bill Text: MS SB3031 | 2018 | Regular Session | Enrolled
Bill Title: Alcorn State; buildings erected on university land leased to private entities for student housing are exempt from taxation.
Spectrum: Moderate Partisan Bill (Democrat 7-1)
Status: (Passed) 2018-03-19 - Approved by Governor [SB3031 Detail]
Download: Mississippi-2018-SB3031-Enrolled.html
MISSISSIPPI LEGISLATURE
2018 Regular Session
To: Finance
By: Senator(s) Witherspoon, Simmons (13th), Fillingane, Butler, Blount, Dearing, Frazier, Jordan
Senate Bill 3031
(As Sent to Governor)
AN ACT TO PROVIDE THAT THE LANDS AND PROPERTY OF ALCORN STATE UNIVERSITY SHALL NOT BE SUBJECT TO TAXATION AND TO PROVIDE THAT THE BUILDINGS AND IMPROVEMENTS THAT ARE ERECTED ON ANY LAND BELONGING TO THE UNIVERSITY THAT IS LEASED TO PRIVATE ENTITIES FOR THE PURPOSE OF AFFORDING AFFORDABLE BOARD TO STUDENTS SHALL NOT BE SUBJECT TO TAXATION; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. The lands and property of Alcorn State University shall not be subject to state, county or municipal taxation. The buildings and improvements that are or may be erected on any land belonging to the university that has been or may be leased to private entities for the purpose of affording affordable board to the students attending the institution shall not be subject to taxation.
SECTION 2. This act shall take effect and be in force from and after its passage.
