The rate by which the amount of the tax hereby levied shall be one-fourth of one per centum (1/4 of 1%) of the total amount of indebtedness secured by tangible property located in the State of Mississippi.Codes, 1942, § 9342; Laws, 1940, ch. 110; Laws, 1950, ch. 541, § 2; Laws, 1994, ch. 497, § 2, eff. 5/31/1994.
Mississippi Legal Code