Ad valorem tax; revise distribution of portion of paid by taxpayer disallowed homestead exemption.

HB 718 would require Mississippi tax collectors to send any extra property taxes collected due to a denied homestead exemption (because a homeowner or spouse didn't pay income tax) directly to the state Department of Revenue. This amount would then be applied toward the homeowner's unpaid income tax debt, up to the amount of that debt. The bill specifically targets homeowners who lost homestead exemption eligibility due to noncompliance with income tax laws. It does not change property tax collection rules but redirects funds from property taxes to cover income tax obligations. (Note: The bill died in committee and is not law.)