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MS HB108

Bill

Official Source

Status

Failed

6/3/2020

Primary Sponsor

Nick Bain

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Increases the motor vehicle ad valorem tax exemption for volunteer firefighters from $100 to $150 per vehicle, or the amount of taxes due, whichever is less
  • Allows the exemption to apply to two (2) motor vehicles per volunteer firefighter, up from one (1) vehicle
  • Requires volunteer firefighters to have at least three (3) consecutive years of active service before applying for the exemption
  • Transfers form preparation authority from the State Tax Commission to the Department of Revenue
  • Takes effect July 1, 2020

Legislative Description

Ad valorem tax; revise exemption that counties may grant on motor vehicles owned by volunteer firefighters.

Last Action

Died In Committee

6/3/2020

Committee Referrals

Ways and Means1/24/2020

Full Bill Text

No bill text available