MS HB1560

Pollution control equipment purchased after July 1, 2014, by manufacturers or custom processors may be exempt from ad valorem taxation (except school district taxes) for ten years.

"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 as required by federal or state law or regulation.

Taxpayers must submit a written exemption application to county boards of supervisors or municipal governing authorities by June 1 of the year following equipment acquisition, though late applications may be considered.

Application must include certification from the Mississippi Department of Revenue granting exemption from state sales tax and a complete description of the equipment.

Exemption begins on the date of approval by county supervisors or municipal authorities upon determination of eligibility.