MS SB2095

Allows owners of manufactured homes or mobile homes who occupy them as primary residences for at least two consecutive years at the same location to claim an ad valorem tax exemption using a tiered schedule ranging from $6.00 to $300.00 based on assessed value.

Exemption is split equally between school district taxes and county general fund taxes, with assessed values rounded to the nearest dollar.

Exemption applies regardless of land ownership or assessment method, but persons claiming this exemption cannot claim homestead exemption benefits.

Provides enhanced exemption of up to $7,500 in assessed value for owners age 65 or older or those totally disabled, with disability defined by service-connected veteran status, Social Security Act classification, or qualified retirement plan status.

Exemptions are effective for claims made in 2015 and subsequent years, with the act taking effect January 1, 2016.