As Amended
SEC. 27-35-319. Assessing and taxing property of telephone companies located in not more than six counties.
(1) Notwithstanding the provisions of Sections 27-35-31, 27-35-309, 27-35-317 and 27-35-323, when all the property of a telephone company is located in not more than six (6) counties, it shall be assessed and taxed as that of a person; and the laws, providing for the assessment and collection of taxes on the property of persons, shall apply to the assessment and collection of taxes on the property of such companies. All shares or certificates of stock issued by any such corporation or company shall be exempt from taxation and shall not be returned for assessment. Its land and tangible personal property shall be assessed and taxed where situated on the first day of January of the year.
(2)
(a) With respect to any telephone company located in more than six (6) counties:
(i) The portion of such company's property, excluding motor vehicles, which is used to provide local service shall be considered as Class IV property under Section 112, Mississippi Constitution of 1890, and assessed and taxed as such; and
(ii) The portion of such company's property, excluding motor vehicles, which is used to provide service between local access and transport areas in the state or between two (2) or more states shall be considered as Class II property under Section 112, Mississippi Constitution of 1890, and assessed and taxed as such.
(b) The procedures for assessment and collection of taxes on all of the property of telephone companies located in more than six (6) counties shall be the same as that for taxes on the property of railroads and other public service companies.
SOURCES: Codes, 1942, Sec. 9833.5; Laws, 1960, ch. 471; 1995, ch. 479, Sec. 1, eff from and after July 1, 1995