MS SB2616

Requires business damages to be included as part of just compensation in eminent domain and quick-take proceedings for property owners who have operated a business on the property for at least five years, effective July 1, 2021

Mandates that appraisers consider the capitalization of income the property is capable of producing through its highest and best use when determining fair market value before and after a taking

Allows courts to grant business damages for moving and reestablishing costs when only part of a property is taken (partial taking)

Requires the Mississippi Department of Transportation to pay all court costs and appraisal fees in quick-take cases, and mandates dismissal if another eminent domain action on the same property was filed within one year

Makes MDOT liable for double compensation if construction on the project has not commenced within one year of a quick-take action