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MS SB3166
Bill
AI Summary
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Requires the Department of Revenue to include commercial solar and wind facilities as a separate category of industrial property when promulgating its annual table of inflation factors for industrial property.
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Directs the Department of Revenue to set the inflation factor for commercial solar and wind facilities at 1.000 if Marshall Valuation Service has not provided an inflation factor for that year.
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Effective July 1, 2025.
Legislative Description
Ad valorem tax assessment; direct DOR to assign separate industrial multiplier for commercial solar and wind facilities.
Last Action
Approved by Governor
3/27/2025
Committee Referrals
Ways and Means2/28/2025
Finance2/24/2025
Full Bill Text
No bill text available