MS SB2065

Pollution control equipment purchased after July 1, 2015, by manufacturers or custom processors for industrial use is exempt from ad valorem taxation for 10 years, except for school district ad valorem taxation.

"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 the county board of supervisors or municipal governing authorities by June 1 of the year following equipment acquisition, though late applications will still be granted.

Applications must include certification from the Mississippi Department of Revenue granting exemption from Mississippi sales tax and a complete description of the equipment for which exemption is sought.

The act takes effect July 1, 2015.