MS HB246

Exempts service-connected, totally disabled American veterans with honorable discharge from all ad valorem taxes on homestead property assessed value.

Extends the full homestead property tax exemption to unremarried surviving spouses of qualifying disabled veterans, effective January 1, 2011.

Increases homestead exemption for totally disabled persons in counties with updated property valuations from $6,000 to $7,500 of assessed value.

Full ad valorem tax exemption for disabled veterans and their unremarried surviving spouses applies to exemptions claimed in 2011 and subsequent years.

Preserves existing tax claims and assessments accrued before the act's effective date of January 1, 2011.