MS HB750

Authorizes county boards of supervisors and municipal governing authorities to grant ad valorem tax exemptions on one motor vehicle owned by Mississippi residents serving on active duty in the military and receiving special pay for duty subject to hostile fire or imminent danger under 37 USC 310.

County exemptions are capped at the lesser of $100 or the actual ad valorem taxes due on one vehicle for the license tag registration year.

Municipal exemptions are capped at the lesser of $50 or the actual ad valorem taxes due on one vehicle for the license tag registration year.

Exemptions exclude school district ad valorem taxes and require applicants to present military orders and a Department of Revenue form to the tax collector.

Extends the repeal date of this tax exemption authority from September 30, 2012 to September 30, 2015, effective July 1, 2012.