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MS HB1542
Bill
Status
Failed
3/28/2012
Primary Sponsor
Brian Aldridge
Click for details
AI Summary
- Exempts pollution control equipment purchased after July 1, 2012 from ad valorem taxation for 10 years from the date of acquisition, except for school district ad valorem taxes
- Applies to equipment purchased by manufacturers or custom processors for industrial use
- Defines "pollution control equipment" as equipment, devices, machinery or systems used exclusively and directly to prevent, control, monitor or reduce air, water, groundwater pollution, or solid or hazardous waste as required by federal or state law or regulation
- Takes effect July 1, 2012
Legislative Description
Ad valorem taxation; exempt pollution control equipment mandated by federal or state law.
Last Action
Died In Committee
3/28/2012
Full Bill Text
No bill text available