House Bill 1589 Summary

• Amends Section 27-51-41 of the Mississippi Code to exempt motorcycles held by bona fide dealers as merchandise from ad valorem taxation, provided they are not being operated on state highways.

• Clarifies that the exemption applies specifically to motorcycles as defined in Section 27-19-3, aligning with existing exemptions for other motor vehicles held by dealers.

• Preserves all existing exemptions and requirements for claiming tax exemptions, including the requirement to cite specific legal authority on road and bridge privilege license applications.

• Takes effect January 1, 2019, and does not affect any tax claims, assessments, or liens that accrued before the effective date.