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MS SB2095
Bill
AI Summary
- Pollution control equipment purchased after July 1, 2011, by manufacturers or custom processors for industrial use is exempt from ad valorem taxation for ten years from the date of acquisition
- School district ad valorem taxes remain applicable to the exempt equipment
- "Pollution control equipment" includes equipment, devices, machinery, or systems used exclusively and directly to prevent, control, monitor, or reduce air, water, groundwater, or hazardous waste pollution as required by federal or state law or regulation
- The act takes effect July 1, 2011
Legislative Description
Ad valorem taxation; exempt pollution control equipment mandated by federal or state law.
Last Action
Died In Committee
2/23/2011
Full Bill Text
No bill text available