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MS SB2952
Bill
AI Summary
- Amends Mississippi's Airport Authorities Law to limit ad valorem tax exemptions for structures, improvements, and facilities on airport authority property
- Tax exemptions apply only if the property's current, primary use has a "real, substantial and direct relation" to aircraft takeoff or other aeronautical purposes
- Qualifying aeronautical purposes include aircraft manufacturing or maintenance, aircraft component parts manufacturing, freight shipping by aircraft, and airline passenger transportation services
- Removes previous language that treated charges, rentals, and fees received by airport authorities as being "in lieu of" ad valorem taxes
- Maintains the 50-year maximum term for contracts, leases, and arrangements with private entities operating on airport property
Legislative Description
Airport Authorities Law; certain airport property is exempt from ad valorem tax only if it is used for aeronautical purposes.
Last Action
Died In Committee
2/22/2017
Committee Referrals
Finance2/8/2017
Full Bill Text
No bill text available