MS SB2406

Exempts pollution control equipment purchased after July 1, 2013 from ad valorem (property) taxation for 10 years from the date of acquisition

Exemption applies only to equipment purchased by manufacturers or custom processors for industrial use

School district ad valorem taxes are NOT exempt and must still be paid on this equipment

"Pollution control equipment" is defined as equipment, devices, machinery, or systems used exclusively and directly to prevent, control, monitor, or reduce air, water, groundwater pollution, or solid/hazardous waste

Equipment must be required by federal or state law or regulation to qualify for the exemption