Ad valorem tax; extend deadlines for 50% exemption and lower fee-in-lieu minimum for certain projects and qualified businesses.

An Act To Amend Section 27-31-46.1, Mississippi Code Of 1972, To Extend The Initial Construction Deadline For Purposes Of Eligibility Of Certain Energy Projects For Certain Ad Valorem Tax Exemptions Of Up To 50% Of The Total Assessed Value Of The Projects; To Extend The Deadline By Which Counties And Municipalities May Authorize Such Exemptions; To Amend Section 27-31-104, Mississippi Code Of 1972, To Extend The Date By Which A Fee-in-lieu Agreement May Be Entered With Certain Qualified Businesses For Purposes Of The Minimum Fee-in-lieu Amount Of 1/10 Of The Total Of All Ad Valorem Taxes Otherwise Payable As Annually Determined; To Extend The Date Of The Reverter On The Statute; And For Related Purposes.

Status

Passed

Signed or otherwise enacted

Status date

Mar 25, 2026

232 days ago

Current chamber

House of Representatives

Session

2026 Regular Session