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MS SB2895

Bill

Official Source

Status

Passed

4/16/2021

Primary Sponsor

Benjamin Suber

Click for details

Origin

Senate

2021 Regular Session

AI Summary

  • Allows county boards of supervisors to exempt renewable energy project property from ad valorem taxation up to 50% of the total assessed value
  • Applies to facilities placed in operation after the bill's effective date that generate energy through wind, water, biomass, or solar sources
  • Requires the renewable energy project to have a private capital investment of at least $100,000,000
  • Exemption applies to all property types including real, personal, mixed property, fixtures, and leaseholds used in the project, including operational and environmental property
  • Takes effect upon passage

Legislative Description

Ad valorem taxation; allow county to exempt up to 50% of assessed value of renewable energy project property from.

Last Action

Approved by Governor

4/16/2021

Committee Referrals

Ways and Means2/25/2021
Finance2/3/2021

Full Bill Text

No bill text available