This blog will focus on and discuss business and legal issues important to entrepreneurs as they develop products and services, seek capital, expand and exit the market. In addition, this blog will discuss federal and state economic development incentives and finance programs that are geared towards incentivizing affordable housing, renewable energy, historic preservation, small business start up and job creation.
Wednesday, June 6, 2012
Mississippi: Abatement of Property Tax
The Mississippi Attorney General has issued an opinion that
a local county board of supervisors had no authority to abate taxes on real
property while the property was under pending forfeiture proceedings that were
never finalized. The opinion stated that even if certain actions taken against
the individual regarding his real property are determined to be unauthorized,
the board still has no authority to waive the unpaid taxes. (Attorney General
Opinion, 2012-00163, 04/20/2012.)
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