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MS SB2809
Bill
Status
2/26/2025
Primary Sponsor
Michael McLendon
Click for details
AI Summary
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Exempts all real property located in areas annexed by a municipality from municipal ad valorem taxes for 12 months after the annexation date by amending Section 27-31-1, Mississippi Code of 1972.
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Exempts all motor vehicles registered to an address in an area annexed by a municipality from municipal ad valorem taxes for 12 months after the annexation date by amending Section 27-51-41, Mississippi Code of 1972.
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Applies to both real property and motor vehicles, providing a temporary tax relief period for newly annexed areas.
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Takes effect January 1, 2025.
Legislative Description
Municipal ad valorem taxes; exempt real property and motor vehicles in an annexed area for 12 months after annexation.
Last Action
Died In Committee
2/26/2025