SB 2824
Ad valorem tax; extend deadlines for 50% exemption and lower fee-in-lieu minimum for certain projects and qualified businesses.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
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.
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