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MS HB551

Bill

Official Source

Status

Failed

2/23/2022

Primary Sponsor

Steve Hopkins

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • Exempts all real property (land) from ad valorem (property) taxation in Mississippi, effective January 1, 2023
  • Improvements on real property (buildings, structures) remain subject to ad valorem taxation
  • Amends Section 27-31-1 of the Mississippi Code of 1972, which lists all property tax exemptions in the state
  • Adds this new exemption as paragraph (oo) to the existing list of exempt property categories

Legislative Description

Ad valorem taxation; exempt real property.

Last Action

Died In Committee

2/23/2022

Committee Referrals

Ways and Means1/13/2022

Full Bill Text

No bill text available