This form is a clause regarding additional rent element of an office lease providing for tax increases. The tax increases pertain to assessments and special assessments levied, assessed or imposed upon the building and/or the land under, including any land(s) dedicated to the use of, the building, by any governmental bodies or authorities.
The Mississippi Tax Increase Clause, also known as the Mississippi Taxpayer Protection Act, is a constitutional provision in the state of Mississippi that restricts the state legislature's ability to increase taxes without a three-fifths majority vote. Enacted in 1992, this clause aims to protect taxpayers from excessive tax increases and ensure fiscal responsibility in the state. Under the Mississippi Tax Increase Clause, any proposal to increase taxes must secure at least a three-fifths majority vote in both the state House of Representatives and the state Senate. This means that at least 60% of the legislators in each chamber must support the tax increase for it to pass. The clause is designed to make it more difficult for lawmakers to impose tax hikes, promoting careful consideration and evaluation of the necessity and impact of such increases. The Tax Increase Clause applies to all types of taxes, including income tax, sales tax, property tax, and any other state taxes. It serves as a safeguard against arbitrary tax increases and requires a broader consensus among legislators to raise taxes, encouraging responsible fiscal policy and protecting taxpayers' interests. It is important to note that the Mississippi Tax Increase Clause is specific to the state of Mississippi and may differ from tax increase clauses or taxpayer protection acts in other states. Furthermore, it reflects the unique concerns and preferences of Mississippians regarding taxation and government spending. In summary, the Mississippi Tax Increase Clause is a constitutional provision that requires a three-fifths majority vote in both chambers of the state legislature to increase taxes. It ensures that tax hikes are carefully considered and requires a broader consensus among lawmakers. By promoting fiscal responsibility and protecting taxpayers' interests, this clause plays a crucial role in shaping the state's tax policy.
