Loading chat...

MS HB203

Bill

Official Source

Status

Failed

2/21/2018

Primary Sponsor

Thomas Reynolds

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Amends Section 27-31-53 of Mississippi Code to expand ad valorem tax exemptions for personal property in licensed free port warehouses
  • Adds new category (d) of eligible property: goods consigned to a free port warehouse for storage, then transported to no more than one other in-state location for production or processing into a component or part, before final shipment outside Mississippi
  • Exemption remains discretionary with county boards of supervisors and municipal governing authorities where the warehouse is located
  • Takes effect January 1, 2018
  • Does not affect any tax claims, assessments, or liens that accrued before the effective date

Legislative Description

Free port warehouse; revise property stored in that is eligible for exemption from ad valorem taxes.

Last Action

Died In Committee

2/21/2018

Committee Referrals

Ways and Means1/2/2018

Full Bill Text

No bill text available