2025
Regular Session
Ad valorem tax; exempt certain business personal property from.
AN ACT TO AMEND SECTION 27-31-1, MISSISSIPPI CODE OF 1972, TO EXEMPT FROM AD VALOREM TAXATION CERTAIN PERSONAL PROPERTY THAT IS OWNED BY A BUSINESS ENTERPRISE AND USED BY THE BUSINESS ENTERPRISE SOLELY ON THE PREMISES OF THE BUSINESS ENTERPRISE IN THE OPERATION OF THE ENTERPRISE; TO REPEAL SECTION 27-7-22.5, MISSISSIPPI CODE OF 1972, WHICH PROVIDES AN INCOME TAX CREDIT FOR AD VALOREM TAXES PAID ON COMMODITIES, RAW MATERIALS, WORKS-IN-PROCESS, PRODUCTS, GOODS, WARES AND MERCHANDISE HELD FOR RESALE BY ANY MANUFACTURER, DISTRIBUTOR, WHOLESALE OR RETAIL MERCHANT; AND FOR RELATED PURPOSES.
03/09/25 at 18:01
S
B
2994
Senate Bill 2994
SB 2994
S
Dead
Revenue
Yes
Three/Fifths
January 1, 2026
Finance
T
../../Senate_cmtes/FI.xml
Johnson
../../Senate_authors/Johnson.xml
A
../../code_sections/027/00310001.xml
RP
../../code_sections/027/00070022_5.xml
1
02/12 (S) Referred To Finance
2
02/26 (S) Died In Committee
../../../../documents/2025/pdf/SB/2900-2999/SB2994IN.pdf
../../../../documents/2025/html/SB/2900-2999/SB2994IN.htm
../../../../documents/2025/pdf/SB/2900-2999/SB2994IN.pdf
../../../../documents/2025/html/SB/2900-2999/SB2994IN.htm
N
../../../../documents/2025/pdf/fiscalnotes/SB2994.pdf