MS SB2606

Adds new subsection (x) to Section 27-33-19 to allow a dwelling and eligible land conveyed to a trust trustee to qualify for homestead exemption if the beneficiary occupies the dwelling and would otherwise qualify as head of a family, with the trust dissolving upon the beneficiary's death.

Requires that a trust-owned dwelling only qualifies for homestead exemption if the beneficiary-occupant meets the same qualification requirements as if they held direct ownership of the property.

Maintains existing homestead exemption requirements and definitions while extending eligibility to trust-held properties meeting specified conditions.

Effective date is January 1, 2012.