MS HB1442

Authorizes county boards of supervisors to exempt privately owned new structures and renovations from county ad valorem taxes (excluding school district taxes) for up to 7 years in designated central business districts, historic preservation districts, or historic landmark sites

Extends the 7-year exemption to new structures and renovations outside municipalities that are used for business purposes, if part of an approved county project for business, commerce, or industry development

Creates a new 10-year ad valorem tax exemption option for new structures or improvements in municipal central business districts or for business-purpose structures outside municipalities

Authorizes a 10-year exemption for improvements and renovations in county-designated residential renewal districts

Requires written applications for exemptions to be filed within 12 months of project completion, with the board of supervisors issuing an order specifying the exempt property and exemption period