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MS HB533

Bill

Official Source

Status

Failed

2/24/2021

Primary Sponsor

Steve Hopkins

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Amends Section 27-51-41.1 of the Mississippi Code to provide a full ad valorem tax exemption for motor homes and trailers effective October 1, 2022
  • Motor homes and trailers must be subject to annual highway privilege tax under Chapter 19, Title 27 to qualify for the exemption
  • Maintains existing phased exemption schedule for motorcycles, motor homes, and trailers: 60% exemption (July 1, 2006 - September 30, 2007), 55% exemption (October 1, 2007 - September 30, 2008), and 50% exemption (October 1, 2008 - September 30, 2022)
  • Defines motor homes as individually owned private carriers with sleeping facilities, bath and toilet facilities, and food preparation facilities
  • Takes effect July 1, 2021

Legislative Description

Ad valorem tax; exempt motor homes and trailers.

Last Action

Died In Committee

2/24/2021

Committee Referrals

Ways and Means1/18/2021

Full Bill Text

No bill text available