MS HB1526

Authorizes county boards of supervisors and municipal governing authorities to grant ad valorem tax exemptions on one motor vehicle owned by active duty service members receiving special pay for duty subject to hostile fire or imminent danger under 37 USCS 310.

County exemptions capped at the lesser of $100 or the actual ad valorem taxes due on the vehicle, excluding school district taxes.

Municipal exemptions capped at the lesser of $50 or the actual ad valorem taxes due on the vehicle, excluding school district taxes.

Applicants must present military orders and a Department of Revenue-prescribed form to the tax collector to claim the exemption.

Section repeals on September 30, 2015, and the act takes effect July 1, 2012.