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MS HB663

Bill

Official Source

Status

Failed

2/22/2023

Primary Sponsor

Stephen Horne

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Provides a partial ad valorem tax exemption for eligible personal property owned and used by business enterprises on their premises starting January 1, 2024
  • Exempts up to $20,000 of assessed value for furniture, fixtures, and equipment classified as personal property
  • Excludes motor vehicles, Class IV property as defined in Mississippi Constitution of 1890, and property eligible for income tax credits under Section 27-7-22.5
  • Takes effect July 1, 2023

Legislative Description

Ad valorem taxation; provide partial exemption for certain business personal property.

Last Action

Died In Committee

2/22/2023

Committee Referrals

Ways and Means1/16/2023

Full Bill Text

No bill text available