Loading chat...
MS HB1603
Bill
Status
2/26/2014
Primary Sponsor
Thomas Reynolds
Click for details
AI Summary
-
Authorizes county boards of supervisors and municipal governing authorities to grant ad valorem tax exemptions for commercial or business properties that install solar energy systems
-
Tax exemption applies only to the added value resulting from the solar installation, not the entire property value
-
Exemption period limited to a maximum of 10 years at the discretion of local authorities
-
School district ad valorem taxes are specifically excluded from the exemption and must still be paid
-
Applies to solar energy systems installed on or after July 1, 2014, including systems for electricity generation, space heating/cooling, or water heating
Legislative Description
Ad valorem taxes; authorize counties/cities to exempt true value added to commercial property by installing solar energy system from.
Last Action
Died In Committee
2/26/2014