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MS SB2289
Bill
AI Summary
- Pollution control equipment purchased after July 1, 2010, by manufacturers or custom processors for industrial use is exempt from ad valorem (property) taxation for a period of 10 years from the date of acquisition.
- The exemption does not apply to ad valorem taxes levied for school district purposes, which remain in effect.
- "Pollution control equipment" is defined as equipment, devices, machinery, or systems used exclusively and directly to prevent, control, monitor, or reduce air, water, groundwater pollution, or solid or hazardous waste as required by federal or state law or regulation.
- Sponsored by Senators Michel and Dearing during the 2010 Regular Session and referred to the Environment Protection, Conservation and Water Resources Committee and the Finance Committee.
- Effective date is July 1, 2010.
Legislative Description
Ad valorem taxation; exempt pollution control equipment mandated by federal or state law.
Last Action
Died In Committee
3/16/2010
Full Bill Text
No bill text available