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MS SB2877
Bill
AI Summary
- Redirects standard license tag registration fees from the State General Fund to the Motor Vehicle Ad Valorem Tax Reduction Fund, which provides property tax relief for vehicle owners
- Redirects $44.00 of each $50.00 additional fee from out-of-state university distinctive license tags (Auburn, Alabama, LSU, Memphis, Clemson, Texas A&M, Florida State, Oklahoma, South Alabama) to the Ad Valorem Tax Reduction Fund instead of the General Fund
- Removes portions of additional fees from various distinctive license tags (amateur radio, veterans, firefighters, and other specialty plates) that were previously deposited into the State General Fund
- Redirects contingent funds from Ducks Unlimited and Rebuild the Coast.org license tags to the Ad Valorem Tax Reduction Fund if those organizations dissolve, rather than to the General Fund
- Changes the annual lapse of unexpended amounts above $500,000 in the Department of Revenue License Tag Acquisition Fund from the General Fund to the Motor Vehicle Ad Valorem Tax Reduction Fund
Legislative Description
Motor vehicle tags; remove portion of fees deposited to State General Fund, or rededicate to Ad Valorem Tax Reduction Fund.
Last Action
Died In Committee
2/3/2026
Committee Referrals
Finance1/19/2026
Full Bill Text
No bill text available