MS HB25

Amends Mississippi Code sections 27-33-75 and 27-33-67 to provide a complete ad valorem tax exemption on homestead property for service-connected, totally disabled American veterans with honorable discharge.

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

For counties with updated property valuations, increases the homestead exemption for other qualified disabled homeowners from $6,000 to $7,500 of assessed value.

Maintains existing exemption tables for non-disabled homeowners under 65 years of age, with graduated exemptions based on assessed property value.

Effective date is January 1, 2011, with no retroactive effect on taxes due or accrued before that date.