MS SB3008

Creates new Section 27-33-76 to authorize county boards of supervisors and municipal governing authorities to grant ad valorem tax exemptions on homesteads of Mississippi residents serving on active duty in Iraq or Afghanistan as members of the military or National Guard.

County exemptions capped at the lesser of $100 or the actual homestead ad valorem taxes owed; municipal exemptions capped at the lesser of $50 or the actual homestead ad valorem taxes owed, excluding school district taxes.

Requires applicants to present military orders and a Department of Revenue-prescribed form to the tax collector to claim the homestead exemption.

Removes the September 30, 2012 repeal date from Section 27-51-42.3 to make the existing motor vehicle ad valorem tax exemption (up to $100 for counties/$50 for municipalities) permanent for the same eligible active duty service members.

Directs the Department of Revenue to adopt rules and regulations for administering both the homestead and motor vehicle tax exemptions.