State lawmakers from DeSoto County will go to the State Capitol early next year with a singular mission — to unburden county taxpayers from state mandates that cost them money and rewrite laws that don’t “make sense.”
At the top of the lawmakers’ agenda is the attempt to abolish a state law that provided a tax loophole for owners of Section 42 housing.
That’s important because DeSoto County is losing between $550,000 and $700,000 due to the legislation known as Senate Bill 3100.
That law, which went into affect in 2005, allows low-income apartment owners and even some nursing home facilities to avoid paying comparable taxes due to an inequitable formula favored by Section 42 housing owners. Section 42 housing owners lobbied the Legislature for the loophole in 2005.
Desoto Times
9/16/14
Magnolia Tribune
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