Mississippi Senate Bill SB2297

Mississippi 2024 Regular Session

• Introduced: 2/7/24
• Refer: 2/7/24
• Failed: 3/5/24

Caption

Land deeds; increase the fees charged by chancery clerks for filing and recording.

Impact

The bill's passage will directly influence the financial operations of local counties by increasing the revenue derived from these fees. This could ultimately impact taxpayers who may need to be more financially prepared to cover these enhanced costs when dealing with property redemptions and deeds. The funds generated from these increased fees are expected to help cover the administrative costs involved in processing and managing tax-related property transactions.

Summary

Senate Bill 2297 seeks to amend Section 25-7-21 of the Mississippi Code of 1972. The bill introduces an increase in fees charged by chancery clerks for filing and recording land deeds sold for taxes and for redeeming land sold under tax liens. The current fee of $10.00 for filing and recording such deeds will be raised to $25.00. Additionally, the fee for recording a redemption will also see a similar increase from $10.00 to $25.00. These changes are proposed to take effect from July 1, 2024.

Contention

Notable points of contention surrounding SB2297 may stem from concerns regarding increased financial burdens on property owners, particularly those dealing with tax delinquency. Critics may argue that raising fees could disproportionately affect lower-income individuals or those struggling to navigate the tax system. On the other hand, supporters might contend that the adjustments are necessary to ensure that local government offices can operate effectively and cover their operational costs.