As Amended
SEC. 27-35-45. Penalty for failure to list personal property for taxation.
[Until October 1, 1995, this section reads as follows:] If any person shall fail to list for assessment, as required by law, any personal property which is taxable under the laws of the State of Mississippi, and which said person should list for assessment under the laws of the state, then said person shall be liable for a penalty of five per cent., of the actual value of said property. Said penalty shall be recovered in the name of the county in which said assessment should have been listed, on the order of the board of supervisors of said county authorizing a suit for the recovery of said penalty.
[From and after October 1, 1995, this section reads as follows:] If any person shall fail to list for assessment, as required by law, any personal property which is taxable under the laws of the State of Mississippi, and which said person should list for assessment under the laws of the state, or shall intentionally fail to provide the tax assessor with any documentation that the tax assessor considers necessary to verify the list, the current year assessment shall be increased by ten percent (10%).
SOURCES: Codes, 1930, Sec. 3143; 1942, Sec. 9767; Laws, 1924, ch. 114; 1995, ch. 555, Sec. 2, eff from and after October 1, 1995