MS HB934

Creates new Section 11-27-8 requiring compensation for loss of business goodwill in eminent domain cases if the owner proves the loss is caused by the taking, cannot be prevented by relocation, and will not duplicate other compensation awarded.

Defines "business goodwill" as benefits accruing to a commercial business from its location, reputation, and circumstances resulting in probable retention of existing or acquisition of new customers.

Requires plaintiffs to file statements 20 days before eminent domain hearings disclosing the value of business goodwill to be lost and projections of income loss for commercial farming operations, with defendants filing similar statements 10 days before hearing.

Amends Sections 11-27-19, 11-27-83, and 11-27-89 to require evidence and appraisals in eminent domain proceedings to include business goodwill values and projected income losses from commercial farming operations conducted on the condemned property.

Takes effect July 1, 2021.