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MS SB2769
Bill
AI Summary
- Exempts from ad valorem (property) taxation all property belonging to nonprofit 501(c)(3) foundations that receive, invest, and administer private support for state universities, public community/junior colleges, or nonprofit private colleges in Mississippi
- Property owned by entities wholly owned and controlled by such educational foundations is also treated as exempt
- Exempts from ad valorem taxation all property belonging to federally qualified health centers, provided all income is used for the center's purposes and not for profit
- Effective date: July 1, 2022
Legislative Description
Ad valorem tax; exempt property owned by a university or community college foundation or federally qualified health center.
Last Action
Approved by Governor
3/22/2022
Committee Referrals
Ways and Means2/8/2022
Finance1/17/2022
Full Bill Text
No bill text available