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MS SB3312

Bill

Official Source

Status

Failed

2/25/2026

Primary Sponsor

Charles Younger

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Requires the Mississippi Department of Revenue to include commercial solar and wind facilities as a separate category when publishing annual inflation factors for industrial property ad valorem tax assessments
  • Sets the inflation factor at 1.000 (no inflation adjustment) for commercial solar and wind facilities if the Department has not established a specific factor for that year
  • Applies whether the inflation factor would normally be based on Marshall Valuation Service data or other department methodology
  • Amends Section 27-35-50 of the Mississippi Code of 1972 governing true value determinations for property tax purposes

Legislative Description

Ad valorem tax assessment; revise provision concerning inflation factor for commercial and solar wind facilities.

Last Action

Died In Committee

2/25/2026

Committee Referrals

Finance2/24/2026

Full Bill Text

No bill text available