MISSISSIPPI LEGISLATURE
2014 Regular Session
To: Ways and Means
By: Representative Reynolds
AN ACT TO AUTHORIZE COUNTY BOARDS OF SUPERVISORS AND MUNICIPAL GOVERNING AUTHORITIES TO EXEMPT FROM COUNTY OR MUNICIPAL AD VALOREM TAXES OTHER THAN TAXES FOR SCHOOL DISTRICT PURPOSES, FOR A PERIOD OF NOT MORE THAN TEN YEARS, THE AMOUNT OF TRUE VALUE ADDED TO COMMERCIAL OR BUSINESS PROPERTY LOCATED IN THE COUNTY OR MUNICIPALITY AS A RESULT OF THE INSTALLATION OF A SOLAR ENERGY SYSTEM ON OR AFTER JULY 1, 2014; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. (1) As used in this section, the term "solar energy system" means an energy system with the primary purpose of collecting or absorbing sunlight for conversion into electricity or an energy system with the primary purpose of collecting or absorbing solar energy for conversion into heat for the purpose of space heating, space cooling or water heating.
(2) The board of supervisors of any county and the governing authorities of any municipality, in their discretion, may exempt from any or all county or municipal ad valorem taxes, as the case may be, excluding ad valorem taxes for school district purposes, for a period of not more than ten (10) years, the amount of true value that is added to commercial or business property located in the county or municipality, as the case may be, as a result of the installation of a solar energy system on or after July 1, 2014.
SECTION 2. This act shall take effect and be in force from and after July 1, 2014.