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MS SB2730
Bill
AI Summary
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Clarifies that veterans must have a 100% permanent and total service-connected disability to qualify for homestead exemption from ad valorem taxes, rather than the previous broader "totally disabled" language
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Amends Sections 27-33-3 and 27-33-67 of the Mississippi Code of 1972 to specify the disability standard for veteran homestead exemptions
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Veterans with qualifying disabilities are exempt from all ad valorem taxes, including forest acreage taxes, on homesteads up to $7,500 in assessed value
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Property owned jointly by spouses or in fee simple by either spouse qualifies for full exemption if either spouse meets the disability requirement
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Effective date: July 1, 2021
Legislative Description
Homestead exemption; veterans exemption is based on 100% service-connected disability.
Last Action
Died In Committee
2/2/2021