MS HB1420

Exempts from ad valorem (property) taxation real and personal property owned by 501(c)(3) nonprofit corporations that provide free swim team practice facilities for public school districts and water safety/lifeguard training programs for other 501(c)(3) organizations

Explicitly excludes country clubs, tennis clubs with pools, and any clubs requiring stock ownership for membership from qualifying for this tax exemption

Amends Section 27-31-1 of the Mississippi Code of 1972, which lists all property categories exempt from taxation in the state

Does not affect any tax claims, assessments, appeals, or causes of action for taxes due before the effective date

Effective date of January 1, 2021