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MS SB2998
Bill
Status
2/27/2019
Primary Sponsor
Angela Burks Hill
Click for details
AI Summary
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Exempts all motor vehicles held by wrecker services or automobile repair businesses from ad valorem taxation while being held for sale as merchandise and not operated on state highways.
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Amends Section 63-17-74 to authorize wrecker services and automobile repair businesses to legally sell motor vehicles that are not titled and registered in their name, provided the vehicles are being held for sale as merchandise.
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Clarifies that the exemption applies only to vehicles not being operated on Mississippi highways, maintaining the existing exemption framework for dealer inventory.
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Effective July 1, 2019.
Legislative Description
Ad valorem tax; exempt motor vehicles held by a wrecker service for resale.
Last Action
Died In Committee
2/27/2019