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HB 4033

Mississippi - Session 2026

House failed 2026-03-17
Bill Details

Title: Agricultural land; impose tax on sale of certain foreign owned.

Summary

AN ACT TO IMPOSE A TAX ON THE SALE OF LAND THAT IS USED FOR AGRICULTURAL PURPOSES AND OWNED OR POSSESSED IN MAJORITY PART BY ANY NONRESIDENT ALIEN AT THE TIME OF SALE; TO PROVIDE THE RATE OF THE TAX; TO AMEND SECTION 27-35-50, MISSISSIPPI CODE OF 1972, TO REVISE THE MANNER OF DETERMINING THE TRUE VALUE FOR AD VALOREM TAX PURPOSES OF LAND THAT IS USED FOR AGRICULTURAL PURPOSES AND OWNED OR POSSESSED IN MAJORITY PART BY ANY NONRESIDENT ALIEN; TO DEFINE THE TERMS "NONRESIDENT ALIEN" AND "MAJORITY PART" FOR THE PURPOSES OF THIS ACT; AND FOR RELATED PURPOSES.

Sponsor
John Thomas "Trey" Lamar
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-02-19 Introduced Bill introduced
2026-03-17 Status failed
2026-03-17 Latest Action (S) Failed
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