2005 Regular Session
To: Ways and Means
By: Representative Ellis (By Request)
AN ACT TO PROVIDE THAT POLLUTION CONTROL EQUIPMENT MANDATED BY FEDERAL OR STATE LAW OR REGULATION SHALL BE EXEMPT FROM AD VALOREM TAXATION; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. (1) Pollution control equipment purchased after July 1, 2005, by manufacturers or custom processors for industrial use shall be exempt from ad valorem taxation.
(2) As used in this section, "pollution control equipment" means equipment, devices, machinery or systems used or acquired to prevent, control, monitor or reduce air, water or groundwater pollution, or solid or hazardous waste as required by federal or state law or regulation.
SECTION 2. This act shall take effect and be in force from and after July 1, 2005.