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MS SB2884
Bill
AI Summary
- Creates a 12-member Property Tax Elimination and Replacement Study Committee to examine eliminating ad valorem taxes on real property and identify alternative revenue sources for local governments
- Committee must review the past 10 years of property tax contributions to counties, municipalities, and school districts, and evaluate cost savings from eliminating assessment and collection duties
- Members include the Commissioner of Revenue, appointees from the Governor, Lieutenant Governor, and Speaker of the House, plus chairs from Senate and House Finance, Appropriations, Agriculture, and Forestry committees
- Department of Revenue provides staff support, with additional assistance available from PEER; committee may request data from any state agency or political subdivision
- Final report with legislative recommendations due to the Legislature by December 1, 2026, with the committee dissolving on January 1, 2027, or upon submission of its report
Legislative Description
Property Tax Elimination and Replacement Study Committee; create.
Last Action
Died In Committee
2/3/2026
Committee Referrals
Finance1/19/2026
Full Bill Text
No bill text available