MS HB1406

Extends the repeal date of Section 27-51-42.3 from September 30, 2015 to September 30, 2018, allowing county boards of supervisors and municipal governing authorities to continue granting ad valorem tax exemptions on motor vehicles.

Authorizes county boards to exempt up to $100 in ad valorem taxes (or the actual tax amount, whichever is less) on one vehicle per eligible service member, excluding school district taxes.

Authorizes municipal governing authorities to exempt up to $50 in ad valorem taxes (or the actual tax amount, whichever is less) on one vehicle per eligible service member, excluding school district taxes.

Applies only to Mississippi residents serving on active duty in the Mississippi National Guard, U.S. Armed Forces, or reserve components who receive special pay for duty subject to hostile fire or imminent danger under 37 USC 310.

Requires applicants to present military orders and a Department of Revenue form to tax collectors to claim the exemption, effective July 1, 2015.