MS SB3087

Revises the definition of "person" under both the oil severance tax (Section 27-25-501) and gas severance tax (Section 27-25-701) laws to explicitly include the State of Mississippi and any of its political subdivisions, making them subject to severance taxes.

Ratifies, approves, and confirms the State Tax Commission's prior practice of assessing oil and gas severance taxes on production from state-owned lands, including sixteenth section school lands, for all periods before the act's effective date.

Requires that oil and gas from state-owned lands, including sixteenth section lands, continue to be subject to severance taxes going forward, consistent with the Tax Commission's historical practice, unless changed by future legislation.

Imposes a penalty on any school district or political subdivision that recovers severance tax payments through a lawsuit: 50% of that entity's future severance tax allocations must be deposited into the State General Fund until the amount deposited equals 200% of the lawsuit recovery.

Amends the severance tax apportionment statutes (Sections 27-25-505 and 27-25-705) to add "except as otherwise provided by law" qualifiers to the allocation provisions, conforming them to the clawback mechanism established in the bill.