MS HB1378

Adds new exemption from all ad valorem taxes on homestead property for qualified homeowners who are honorably discharged American veterans and have reached 90 years of age on or before January 1 of the year the exemption is claimed, effective January 1, 2025.

The new veteran exemption applies to exemptions claimed in the 2025 calendar year with reimbursement made in the 2026 calendar year and subsequent years.

Exemption applies to the full assessed value of the homestead property with no dollar limit, in contrast to the $7,500 cap for other qualified homeowners.

Amends Section 27-33-75 of the Mississippi Code of 1972 to incorporate the new veteran age 90+ exemption category.

Effective date is July 1, 2024.