MS SB2700

Provides full ad valorem tax exemption on homestead property for unremarried surviving spouses of U.S. Armed Forces members killed or died on active duty, or reserve/National Guard members killed or died on active duty for training, effective January 1, 2023.

Allows surviving spouses and certain disabled veterans to apply for homestead exemption within 30 calendar days of closing date for homestead purchase, but not later than December 31 of the year of purchase.

Permits applicants with existing homestead exemption on another property to apply for new exemption with same effect as if filed by April 1 deadline.

Repeals outdated tax exemption tables from sections 27-33-69, 27-33-71, and 27-33-73 that covered exemptions claimed in 1985-1987.

Takes effect January 1, 2023.