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MS SB3033
Bill
AI Summary
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Authorizes Tunica County Board of Supervisors to designate projects as "transformative renewable energy projects" by board resolution if they invest at least $100,000,000 in generating renewable energy within the county.
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Sets the assessment ratio for property owned by designated transformative renewable energy projects at 8% of true value for ad valorem tax purposes, overriding the standard assessment ratio.
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The 8% assessment ratio applies to fee-in-lieu of ad valorem taxes agreements under state law and remains in effect for the duration of any such agreement.
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Board authority to designate transformative renewable energy projects expires on December 31, 2022.
Legislative Description
Tunica County; allow board to designate transformative renewable energy project at set ad valorem assessment ratio.
Last Action
Died In Committee
4/1/2021