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MS HB1698
Bill
Status
2/23/2022
Primary Sponsor
Thomas Reynolds
Click for details
AI Summary
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Amends Mississippi Code Section 27-31-46 to increase the ad valorem tax exemption for renewable energy projects from 50% to 60% of total assessed value.
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Applies to renewable energy projects (wind, water, biomass, or solar) placed in operation after April 16, 2021, with private capital investment of at least $100,000,000.
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County boards of supervisors may exempt all property (real, personal, mixed, fixtures, and leaseholds) utilized in qualifying projects up to the 60% threshold.
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Does not affect any tax claims, assessments, appeals, or liens for taxes accrued before the act's effective date.
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Effective January 1, 2022.
Legislative Description
Ad valorem tax; increase amount of exemption that a county may allow for a renewable energy project.
Last Action
Died In Committee
2/23/2022