reglab/statecodes huggingface dataset:
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-11 - Parking garages not operated for profit; exemption by municipalities

The governing authorities of any municipality located within any county as described in Section
27-31-9
, may, in their discretion, exempt from all municipal ad valorem taxation, for a period of not more than ten (10) years, any parking garage providing motor vehicle parking service to the general public, provided the parking garage is operated solely for the purpose of promoting business and commerce for the benefit of the general public and provided further, that said parking garage shall be operated so that no part of the income therefrom inures to or to the benefit of any person, partnership, firm, association or corporation organized for profit.
Codes, 1942, § 9697.9; Laws, 1968, ch. 593, § 2, eff. 8/8/1968.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-13 - Commodities in transit

All commodities, including everything movable that is of value usually bought and sold, which is in transit and assembled or in storage on wharfs, railway cars, or in warehouses, at ports of entry, designated by the U. S. government as such, in the State of Mississippi, intended for export or import into, through or from the State of Mississippi, shall be and all such commodities are exempt from all state, county and municipal taxation, including taxes levied and assessed by Section
27-65-19
, Mississippi Code of 1972, on the transportation of freight thereof moving on intrastate rates therefrom; Provided, however, that the provisions of this section shall neither apply to, affect nor repeal any part of Chapter 116 of the Mississippi Code of 1930, the amendments thereof, or laws supplemental thereto, nor shall it authorize or permit the receipt into Mississippi, or storage within the state, or within the jurisdictional limits thereof, of any gasoline, kerosene, distillate, motor vehicle or internal combustion engine fuel, by whatever name called, except under the provisions of said Chapter 116, Code of Mississippi, 1930, or amendments or laws supplemental thereto, as therein set out.
It is the intent and purpose of this section to exempt from all state, county and municipal taxation, all commodities in transit, assembled and/or in storage, and/or in railway cars at any harbor or port designated by the U. S. government as a port of entry in the State of Mississippi, and thereby encourage interstate or intrastate and foreign commerce passing through the ports and harbors of the state, except as provided in the first paragraph hereof. All freight shipments of commercial fertilizers moving on intrastate rates within the state are hereby exempted from all taxes levied and assessed by Section
27-65-19
, Mississippi Code of 1972.
Codes, 1942, § 9699; Laws, 1938, Ex. ch. 80.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-15 - Nonprofit cooperative electric power associations

(1)
The property of all nonprofit cooperative electric power associations organized heretofore or which may be hereafter organized under any of the laws of this state for the purpose of selling, transmitting, distributing or generating electricity, electric current or power, and which shall engage in any such business or businesses shall be exempt from ad valorem taxes, and such association shall be exempt from franchise, privilege, net income or other excise taxes imposed by the state or any of its political subdivisions. Provided, however, that this exemption shall not extend to or include exemptions from payment of gas taxes, motor vehicle privilege and motor vehicle ad valorem taxes, and sales and use taxes.
(2)
This exemption shall apply to all property which may be used or useful in the transaction of any such business or businesses including, but not limited to, office buildings, warehouses, office equipment and supplies, maintenance, operating and construction equipment, supplies and materials, and all electrical distribution and transmission lines and component parts thereof. Provided, however, that nothing contained in this section shall be construed so as to grant exemption from municipal ad valorem taxes or taxes levied for the benefit of the particular municipal school district on any real estate owned by such associations and located within the corporate limits of the municipality, nor construed so as to grant exemption from municipal ad valorem taxes on electrical transmission and distribution lines and component parts thereof owned by such associations which do not purchase the electricity which they sell in the municipality from any agency or instrumentality of the United States.
(3)
In the event any such association shall engage in the sale of commodities, goods, wares or merchandise as a business, the foregoing exemption shall not apply to that part of the business so done.
(4)
In the event any part of any office building owned by such an association shall be rented or subrented by any such association, such building shall not be exempt from ad valorem taxes, but may be assessed by the county tax assessor and board of supervisors of the county in which it is situated and by the taxing authorities of any municipality in which it may be situated.
Codes, 1942, § 9700; Laws, 1938, ch. 248; Laws, 1938, Ex. ch. 68; Laws, 1946, ch. 235, §§ 1-4; Laws, 1958, ch. 574, § 14; Laws, 1966, ch. 641, § 1; Laws, 1968, ch. 588, § 9; Laws, 1978, ch. 514, § 3, eff. 7/1/1978.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-17 - Bonds, etc., of agricultural agencies

All stocks in, bonds of or other evidences of debt issued by any agricultural credit corporation or association, and all money loaned by any such organization for agricultural purposes are hereby exempted from all ad valorem taxes; provided, however, that the exemption from taxation on money loaned, as provided herein, shall not apply to money loaned at a rate of interest in excess of eight per cent per annum.
Codes, 1942, § 9701; Laws, 1932, ch. 305; Laws, 1958, ch. 565.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-19 - Oil, gas and other petroleum products refined in state

There shall be exempt from all ad valorem taxes now levied or hereafter levied by the State of Mississippi, or any county, municipality, levee district, school, or any other taxing district within the state, all oil, gas, and petroleum products, whether produced within or without the state, which oil, gas or petroleum products are owned by a person, firm, or corporation operating a refinery for the refining of oil, gas or petroleum products in the state, and either (1) are in transit to or situated at an in-state refinery for refining thereat; (2) are in the process of being refined at such a refinery; or (3) have been refined at such refinery and are still owned by or in the hands of the refiner. Such exemption shall also extend to such oil, gas and petroleum products owned by any corporation controlled by, under common control with, or controlling such a refiner; provided, however, that the exemption afforded by this section shall not extend to those finished petroleum products incident to regular, normal, and customary marketing operations held in temporary storage at marketing bulk plants outside refinery property, including storage facilities from which a finished product is marketed in the state and from which a finished product is shipped out of the state for marketing, or at retail service stations.
Codes, 1942, § 9702.5; Laws, 1961, 2nd Ex. ch. 6, eff. 10/20/1961.
Amended by Laws, 2024, ch. 450, HB 1984,§ 3, eff. 1/1/2024.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-20 - Certain electric generating facilities and integrated gasification process facilities

(1)
As used in this section, "project" means an electric generating facility constructed after April 6, 2009, that is used or will be used by a public utility, as defined in Section
77-3-3
, and a gasification process facility that is integrated with such electric generating facility that converts Mississippi feedstock, including, but not limited to lignite, to a synthesis gas which serves as a primary fuel source of the electric generating facility.
(2)
In any project with a capital investment from private sources of not less than One Billion Dollars ($1,000,000,000.00), all property, real, personal, or mixed, including fixtures and leaseholds utilized in a gasification process facility, including, but not limited to, operational and environmental property, utilized in the project shall be exempt from ad valorem taxation up to an amount which shall not exceed fifty percent (50%) of the total assessed value in the project.
Laws, 2009, ch. 496, § 1, eff. 4/6/2009.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-21 - Public school libraries and buildings

All public libraries and buildings in which the free public schools are taught, and the lots on which same are situated, not exceeding four (4) acres in dimensions, without cost to the state or any county or municipality thereof for rent or lease, and also the real and personal property of library associations, used for library purposes where no dividends are declared, and to which the children attending the public schools have free access, shall be exempt from all state, county, and municipal taxes.
Codes, 1906, § 4252; Hemingway's 1917, § 6883; 1930, § 3116; 1942, § 9710; Laws, 1900, ch. 52; Laws, 1924, ch. 338.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-23 - Confederate soldiers' home

Any and all property maintained and operated for the benevolent purpose of a confederate soldiers' home is hereby exempted from all municipal, county and state taxation; provided no individual or corporation derive any revenue or income from such property.
Codes, 1906, § 4253; Hemingway's 1917, § 6884; 1930, § 3117; 1942, § 9711.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-25 - Toll bridges

If a toll bridge shall have been constructed outside of a municipality and completed and exempted by the county, and a municipality shall extend its limits so as to take in territory including said toll bridge, the said bridge and the operating company shall be exempt from municipal taxes for a period for which it shall be exempt from county taxes.
Codes, 1930, § 3118; 1942, § 9712; Laws, 1926, ch. 228.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-27 - Registered or licensed aircraft

All aircraft registered or licensed pursuant to Sections
61-15-1
through
61-15-13
shall be exempt from ad valorem taxation.
Laws, 1982, ch. 469, § 8; reenacted, Laws, 1984, ch. 516, § 8; reenacted, Laws, 1988, ch. 531, § 8, eff. 1/1/1989.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-29 - Newly constructed single-family dwellings

Any single-family dwelling, including a condominium unit which was built, or caused to be built, to completion on or after January 1, 1983, and is and always has been owned by the person, or his or her donee, who built or caused such dwelling to be built, shall, upon presentation of an affidavit to the tax assessor certifying that such dwelling or any part thereof has never been leased, rented, sold or occupied, be exempt from ad valorem taxation until the time that such dwelling is first leased, rented, sold or occupied. Said affidavit shall be filed not later than April 1 of each year for which an exemption is claimed. In such cases ad valorem taxes shall be assessed and levied on the value of the unimproved property where such dwelling is situated.
Laws, 1983, ch. 465, § 1, eff. 4/6/1983.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-30 - Certain military housing units and ancillary supporting facilities

Military housing units and ancillary supporting facilities that are acquired or constructed pursuant to the Military Housing Privatization Initiative (
10 USC 2871
et seq.) to support and house active duty military personnel and their families and Department of Defense civilian personnel shall be exempt from ad valorem taxation.
Laws, 2011, ch. 480, § 33, eff. 4/6/2011.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-31 - Structures within central business district of municipality

(1)
The governing authorities of any municipality are authorized, in their discretion, to grant exemptions from ad valorem taxation, except ad valorem taxation for school district purposes, for new structures or improvements to or renovations of existing structures located in the designated central business district of the municipality, for a period of not more than ten (10) years from the date of the completion of the new structure or the improvement to or renovation of the existing structure for which the exemption is granted.
(2)
The governing authorities of any municipality are authorized, in their discretion, to grant exemptions from ad valorem taxation, except ad valorem taxation for school district purposes, for improvement to or renovation of municipally designated residential renewal districts, for a period of not more than ten (10) years from the date of the completion of the improvement to or renovation of the designated residential renewal district for which the exemption is granted.
(3)
Any person, firm or corporation desiring to obtain the exemption authorized in this section shall first file a written application therefor with the governing authorities of the municipality, providing full information about the property for which the exemption is requested, including the true value of all such property, and the date from which the exemption is to begin. Any application for an exemption under this section must be made within twelve (12) months from the date of the completion of the new structure or the improvement to or renovation of the existing structure for which the exemption is requested. The governing authorities of the municipality may, by order spread on their minutes, approve such application for all or any part of the property for which the exemption is requested and for all or any part of the authorized period of exemption. The order shall specify the property to be exempted and the dates when such exemption begins and expires. The municipal clerk shall record the application and the order approving the same in a book kept in his office for that purpose, and shall file one (1) copy of the application and the order with the Chairman of the Department of Revenue.
(4)
Any exemption granted under this section shall be in lieu of ad valorem tax exemptions authorized under any other provision of law.
Laws, 1985, ch. 498; Laws, 2009, ch. 546, § 6, eff. 4/15/2009.
Amended by Laws, 2018, ch. 436, HB 1217,§ 2, eff. 7/1/2018.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-32 - Exemption from certain ad valorem taxes for residential structures improved, renovated or converted in areas designated as blighted; procedure

(1)
The governing authorities of any municipality are authorized, in their discretion, to grant exemptions from ad valorem taxation, except ad valorem taxation for school district purposes, for improvements to or renovations of existing residential structures or existing structures converted for residential use that are located in the areas that are designated as blighted by the municipality, for a period of not more than ten (10) years from the date of the completion of the improvement to or renovation of the existing structure for which the exemption is granted.
(2)
The governing authorities of any municipality are authorized, in their discretion to grant exemptions from ad valorem taxation, except ad valorem taxation for school district purposes, for improvement to or renovation of municipally designated residential renovation districts, for a period of not more than ten (10) years from the date of the completion of the improvement to or renovation of the designated residential renovation district for which the exemption is granted.
(3)
Any person, firm or corporation desiring to obtain the exemption authorized in this section shall first file a written application for the exemption with the governing authorities of the municipality, providing full information about the property for which the exemption is requested, including the true value of the property, and the date from which the exemption is to begin. Any application for an exemption under this section must be made within twelve (12) months from the date of the completion of the improvement to or renovation of the existing structure for which the exemption is requested. The governing authorities of the municipality may, by order spread on their minutes, approve an application for all or any part of the property for which the exemption is requested and for all or any part of the authorized period of exemption. The order shall specify the property to be exempted and the dates when the exemption begins and expires. The municipal clerk shall record the application and the order approving the exemption in a book kept in his office for that purpose, and shall file one (1) copy of the application and the order with the Department of Revenue.
(4)
Any exemption granted under this section shall be in lieu of ad valorem tax exemptions authorized under any other provision of law.
Amended by Laws, 2018, ch. 436, HB 1217,§ 3, eff. 7/1/2018.
Added by Laws, 2013, ch. 504, HB 1003, 2, eff. 7/1/2013.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-33 - Certain leasehold interests belonging to the state or a political subdivision

(1)
All leasehold interests in any property, real or personal, belonging to the State of Mississippi, counties, districts, municipalities or any other political subdivision, which were created prior to July 1, 1984, pursuant to a lease agreement or contract and which had been allowed an ad valorem tax exemption, or treated as exempt from ad valorem taxation, prior to July 1, 1984, shall be exempt from ad valorem taxation unless such leasehold interest is made subject to ad valorem taxation by statute or by the terms of the lease agreement or contract creating such leasehold interest.
(2)
The exemption granted in this section shall not apply to a leasehold interest in property belonging to the Pearl River Valley Water Supply District.
(3)
This section shall apply to assessments of real property for ad valorem taxation for the 1984 taxable year and each taxable year thereafter.
Laws, 1984, ch. 456, § 1; Laws, 1985, ch. 467, § 1, eff. 4/3/1985.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-34 - Possessory and leasehold interests of lessees under certain lease contracts, leases or leaseholds

(1)
For purposes of this section, "state" means the State of Mississippi or any county, district, municipality or other political subdivision thereof.
All lease contracts, leases or leaseholds in existence on or before April 16, 1993, (a) to which the state is a party, (b) which provide that the leased premises and all facilities and replacements thereof are and shall be the property of the state, and (c) which provide a term or period of time for exemption from ad valorem taxation, shall, along with the possessory and leasehold interests as described under and originally created by such lease contract, lease or leasehold, be exempt from all ad valorem taxation for the term or period of time as stated in such lease contracts, leases, or leaseholds meeting the requirements of subparts (a) and (b) above, which were entered into prior to July 1, 1984, and which do not contain an express term or period for exemption from ad valorem taxation, shall be exempt from all ad valorem taxation for the term of such lease contracts, leases, or leaseholds, including any option periods which may be exercised by the lessee. Any newly created lease contracts, leases or leaseholds created on or after January 18, 1984, shall not be exempt under this section from ad valorem taxes for school district purposes.
(2)
It is the sense of the Legislature that the provisions of Section 112, Mississippi Constitution of 1890, allowing the Legislature to exempt, by general laws, particular species of property from taxation, in whole or in part, authorize the enactment of this section. Further, the provisions of this section shall not be construed as the surrender or abridgement by the state of the power to tax the property which is the subject of the contracts, leases or leaseholds referred to in subsection (1) of this section. This section affirms the power of the state to grant such an exemption when it is in the best interests of the state to do so.
(3)
The provisions of this section shall not apply to:
(a)
A leasehold interest in property belonging to the Pearl River Water Supply District; or
(b)
Any civil action filed before April 16, 1993.
Laws, 1993, ch. 572, § 1, eff. 4/16/1993.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-35 - Property related to project defined in Mississippi Superconducting Super Collider Act

All real and personal property belonging to the United States constituting a part of the project or a facility related to the project as defined in the Mississippi Superconducting Super Collider Act shall be exempt from ad valorem taxation.
Laws, 1987 Ex Sess, ch. 24, § 20, eff. 8/29/1987.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-36 - Railroad property owned by limited liability company or other entity wholly owned by railroad authority exempt from ad valorem taxation

All railroad properties and facilities in this state owned by a limited liability company or other entity that is wholly owned by a railroad authority created under Section
19-29-1
et seq., shall be exempt from ad valorem taxation to the same extent as property belonging to such a railroad authority. For the purposes of this section, the term "railroad properties and facilities" means and has the same definition as that term has in Section
19-29-5
.
Amended by Laws, 2016, ch. 483, SB 2922, 6, eff. 7/1/2016.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-38 - Railroad property acquired by owner not affiliated with previous owner and which is a public entity, regional or county railroad authority or not-for-profit corporation

Whenever during any calendar year existing railroad property subject to assessment by the State Tax Commission pursuant to Section
27-35-301
is sold to a new owner that is not an affiliate of the previous owner and which is a public entity, regional or county railroad authority, or a not-for-profit corporation exempt from payment of ad valorem taxes, and which was created by an Interstate Compact authorized by Section
77-9-531
and by an act of the Legislature of the State of Alabama, the State Tax Commission, upon the written request of the new owner, shall prorate the amount of ad valorem taxes levied and assessed against the railroad property sold by each county, municipality and other taxing district for the calendar year of sale between the selling railroad and the new owner as of the date of sale. The commission shall certify the amounts allocated to the new owner to the selling railroad, the new owner and to the taxing authorities of each county, municipality and other taxing district. Upon the certification, the selling railroad shall be entitled to take credit for and to deduct from its ad valorem taxes accruing on the property sold in each taxing district for the calendar year the pro rata parts or shares of the taxes that are allocated and certified by the State Tax Commission as being part or share of the taxes accruing to the new owner.
Laws, 1995, ch. 590, § 1, eff. 4/7/1995.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-39 - Public trust tidelands

All Public Trust Tidelands belonging to the State of Mississippi or any of its political subdivisions shall be exempt from ad valorem taxation.
Laws, 1989, ch. 495, § 15, eff. 3/31/1989.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-41 - Certain drilling rigs

There is hereby exempted from all ad valorem taxes becoming a lien on or after January 1, 1989, each drilling rig for which there has been procured a privilege license (as required in Section
27-17-423
) in exploring for, attempting to obtain, or obtaining production of oil, gas, sulphur, salt or any other minerals whether such operation is continued from year to year or not. This exemption shall not apply to material or equipment in supply depots or yards or to additional equipment not utilized as a necessary part of the drilling rig which has been operated in Mississippi under a local privilege license properly procured.
Laws, 1989, ch. 507, § 2, eff. 7/1/1989.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-43 - [Repealed]

Laws, 1989, ch. 535, § 9, eff. 4/17/1989.
Repealed by Laws, 2017, ch. 404, HB 1330, 9, eff. 7/1/2017.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-45 - Computer software

Computer software shall be exempt from ad valorem taxation. For purposes of this section, computer software shall include any program or routine used to cause a computer to perform a specific task or set of tasks, including without limitation, system and application programs and all documentation related thereto.
Laws, 1991, ch. 532, § 1; Laws, 1992, ch. 514, § 1, eff. 7/1/1992.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-46 - Limited exemption from ad valorem taxation of property of certain renewable energy projects

(1)
As used in this section, "project" means a facility, placed in operation after April 16, 2021, generating energy through the use of a renewable energy source such as wind, water, biomass or solar.
(2)
In any project with a capital investment from private sources of not less than One Hundred Million Dollars ($100,000,000.00), all property, whether real, personal or mixed, including fixtures and leaseholds utilized in the project, including, but not limited to, operational and environmental property utilized in the project, may be exempted by the county board of supervisors from ad valorem taxation up to an amount not to exceed fifty percent (50%) of the total assessed value of the project.
Added by Laws, 2021, ch. 447, SB 2895,§ 1, eff. 4/16/2021.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-46.1 - Certain renewable energy projects for which initial construction begins between July 1, 2022, and December 31, 2027, eligible for ad valorem tax exemption

A project that is eligible for an ad valorem tax exemption under Section
27-31-46
, and for which initial construction begins on or after July 1, 2022, but not later than December 31, 2027, may be allowed an exemption from ad valorem taxation as provided in this section. For such a project, one-half (1/2) of the true value of property of the project that is subject to a fee-in-lieu of ad valorem taxes pursuant to an agreement under Section
27-31-104
may be exempted by a county board of supervisors and/or municipal governing authorities from ad valorem taxation for a period of ten (10) years from and after the date of the expiration of such fee-in-lieu of ad valorem taxes. Any exemption from ad valorem taxation allowed under this section must be authorized by a county board of supervisors and/or municipal governing authorities before July 1, 2026.
Amended by Laws, 2023, ch. 391, SB 2698,§ 1, eff. 7/1/2023.
Added by Laws, 2022, ch. 495, HB 1108,§ 3, eff. 7/1/2022.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-47 - Furniture marketing businesses

(1)
The board of supervisors of any county or the governing authority of any municipality is authorized, in its discretion, to exempt, partially or totally from ad valorem taxation, except ad valorem taxes for school district purposes, the following types of enterprises: any enterprise, located in the county or municipality, that (a) operates in a structure or facility which has a total measurement of at least three hundred twenty-five thousand (325,000) square feet in floor space; and (b) is engaged in the furniture industry, with a primary interest in marketing or exhibiting furniture.
(2)
The exemption granted under this section may be a full or total ad valorem exemption from taxation; or it may be a limited or partial exemption that exempts the enterprise from any ad valorem taxation over the level of taxation that such an enterprise is subject to on July 1, 1993. The time of the exemption granted under this section shall be for a period of ten (10) years, which shall begin on the date the exemption is granted. Any request for an exemption must be made in writing to the board of supervisors or the municipal governing authority.
(3)
Any exemption granted under this section shall be in addition to all other exemptions heretofore granted by the laws of the State of Mississippi.
Laws, 1993, ch. 490, § 1, eff. 7/1/1993.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-48 - Vendor tooling

(1)
(a)
Except as otherwise provided in paragraph (b) of this subsection, as used in this subsection, the term "vendor tooling" means any special tools such as dies, molds, jigs and similar items treated as special tooling for federal income tax purposes, owned by a business enterprise operating a motor vehicle production and assembly plant that are held for use in motor vehicle and motor vehicle parts production and assembly and are located off the site of the motor vehicle production and assembly plant of such business enterprise. For purposes of this paragraph "business enterprise operating a motor vehicle production and assembly plant" means a business enterprise that produces not less than fifty thousand (50,000) motor vehicles annually.
(b)
For a project that has been certified by the Mississippi Major Economic Impact Authority as a project as defined in Section
57-75-5(f)(xxi)
, the term "vendor tooling" means any special tools such as dies, molds, jigs and similar items treated as special tooling for federal income tax purposes, owned by a business enterprise operating a motor vehicle production and assembly plant that are held for use in motor vehicle and motor vehicle parts production and assembly and are located on or off the site of the motor vehicle production and assembly plant of such business enterprise.
(c)
Vendor tooling as defined in this subsection shall be exempt from ad valorem taxation.
(2)
(a)
For purposes of this subsection:
(i)
"Vendor tooling" means any special tools such as dies, molds, jigs and similar items treated as special tooling for federal income tax purposes, used to manufacture parts for a business enterprise operating a motor vehicle production and assembly plant that are held for use in motor vehicle and motor vehicle parts production. The special tools must be located at the site of the tier one supplier and must be directly owned by the tier one supplier.
(ii)
"Tier one supplier" means a tier one supplier as defined in Section
57-75-5(l)
which has a minimum capital investment from private sources of not less than Fifty Million Dollars ($50,000,000.00).
(b)
County boards of supervisors and municipal authorities are authorized and empowered, in their discretion, to exempt up to thirty percent (30%) of the true value of vendor tooling owned by a tier one supplier from ad valorem taxation.
Laws, 2000, 3rd Ex Sess, ch. 1, § 3; Laws, 2007, ch. 303, § 27; Laws, 2008, ch. 436, § 1, eff. 4/7/2008.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-49 - Itinerant vessels

The board of supervisors of any county bordering on the Gulf of Mexico with a population in excess of one hundred sixty thousand (160,000) according to the 1990 federal decennial census, or the governing authority of any municipality located in any such county, is hereby authorized and empowered to exempt all itinerant vessels within such a county or municipality from ad valorem taxation. As used in this section, "itinerant vessel" means vessels engaged in interstate commerce which are temporarily docked at a state port organized pursuant to Section
59-5-1
, et seq., Mississippi Code of 1972, but shall not include any cruise vessel or vessel upon which legal gaming is conducted pursuant to the Mississippi Gaming Control Act.
Laws, 1993, ch. 604, § 2, eff. 10/1/1993.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › IN GENERAL (§§ 27-31-1 — 27-31-50.1) › Section 27-31-50.1 - Provision of partial ad valorem tax exemptions by counties and municipalities on land used for nonresidential purposes that is converted to residential use

(1)
The board of supervisors of a county and/or the governing authorities of a municipality may provide partial ad valorem tax exemptions on land used for nonresidential purposes that is converted to a residential use as provided in this section.
(2)
For nonresidential use property that is converted to residential use, the board of supervisors of a county and/or the governing authorities of a municipality may exempt the assessed value of the property in an amount equal to the difference between the assessed value of the property for residential use and the assessed value of the property for nonresidential use. The exemption authorized to be granted under this section shall end at such time as the property is occupied by a homeowner; however, if the property consists of a number of parcels upon which residences are being constructed, the exemption shall continue for each parcel until the residence constructed upon the parcel is occupied by a homeowner.
(3)
Any request for an exemption under this section shall be in writing and contain such information about the property for which the exemption is being requested as the board of supervisors of the county or the governing authorities of the municipality may require. The granting of the exemption shall be recorded in the minutes of the board of supervisors of the county and the governing authorities of the municipality.
Added by Laws, 2022, ch. 495, HB 1108,§ 4, eff. 7/1/2022.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › FREE PORT WAREHOUSES (§§ 27-31-51 — 27-31-61) › Section 27-31-51 - Licensing; definitions

(1)
As used in Sections 27-31-51 through
27-31-61
:
(a)
"Warehouse" or "storage facility" shall not apply to caves or cavities in the earth, whether natural or artificial;
(b)
"Governing authorities" means the board of supervisors of the county wherein the warehouse or storage facility is located or the governing authorities of the municipality wherein the warehouse or storage facility is located, as the case may be;
(c)
"Tax assessor" means the tax assessor of each taxing jurisdiction in which the warehouse or storage facility may be located.
(2)
All warehouses, public or private, or other storage facilities in the State of Mississippi regularly engaged in the handling and storage of personal property in structures or in places adopted for such handling and storage which is consigned or transferred to such warehouse or storage facility for storage and handling shall be eligible for licensing under the provisions of Sections 27-31-51 through
27-31-61
as a "free port warehouse." A manufacturer of personal property that maintains separate facilities, structures, places or areas for the temporary storage and handling of such personal property pending transit to a final destination outside the State of Mississippi shall be eligible for licensing under Sections 27-31-51 through
27-31-61
as a "free port warehouse," and any license issued to such a manufacturer before January 1, 2012, is hereby ratified, approved and confirmed. No medical cannabis establishment, as defined in the Mississippi Medical Cannabis Act, or warehouses, facilities, structures, places or areas belonging to or used by a medical cannabis establishment may be licensed as a free port warehouse.
(3)
Such licenses shall be issued by the governing authorities to such warehouse or storage facility as will qualify under the definition of "free port warehouse" as herein defined, upon application by the warehouse or storage facility operator.
Codes, 1942, § 9699-01; Laws, 1962, ch. 595, § 1; Laws, 1981, ch. 419, § 1; Laws, 1993, ch. 621, § 2; Laws, 2002, ch. 402, § 1; Laws, 2012, ch. 342, § 1, eff. 1/1/2012.
Amended by Laws, 2022, ch. 303, SB 2095,§ 77, eff. 2/2/2022.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › FREE PORT WAREHOUSES (§§ 27-31-51 — 27-31-61) › Section 27-31-53 - Exemption from taxation of personal property in transit through state

All personal property in transit through this state which is (a) moving in interstate commerce through or over the territory of the State of Mississippi, (b) which was consigned or transferred to a licensed "free port warehouse," public or private, within the State of Mississippi for storage in transit to a final destination outside the State of Mississippi, whether specified when transportation begins or afterward, (c) manufactured in the State of Mississippi and stored in separate facilities, structures, places or areas maintained by a manufacturer, licensed as a free port warehouse, for temporary storage or handling pending transit to a final destination outside the State of Mississippi, or (d) consigned or transferred to a licensed free port warehouse, public or private, within the State of Mississippi, for storage pending transit to not more than one (1) other location in this state for production or processing into a component or part that is then transported to a final destination outside of the State of Mississippi, may, in the discretion of the board of supervisors of the county wherein the warehouse or storage facility is located, and in the discretion of the governing authorities of the municipality wherein the warehouse or storage facility is located, as the case may be, be exempt from all ad valorem taxes imposed by the respective county or municipality and the property exempted therefrom shall not be deemed to have acquired a situs in the State of Mississippi for the purposes of such taxation. Any exemption granted to a licensed "free port warehouse" pursuant to this section shall be effective as of the first calendar day of the taxable year in which the warehouse applied for the exemption by virtue of submitting the application for licensure, and shall remain in effect for such period of time as the respective governing authority may prescribe. Such property shall not be deprived of exemption because while in a warehouse the property is bound, divided, broken in bulk, labeled, relabeled or repackaged. Any exemption from ad valorem taxes granted before January 1, 2012, is hereby ratified, approved and confirmed.
The exemption provided for in this section shall not be authorized for any personal property of a medical cannabis establishment as defined in the Mississippi Medical Cannabis Act.
Codes, 1942, § 9699-02; Laws, 1962, ch. 595, § 2; Laws, 1981, ch. 419, § 2; Laws, 2003, ch. 511, § 1; Laws, 2012, ch. 342, § 2, eff. 1/1/2012.
Amended by Laws, 2022, ch. 303, SB 2095,§ 78, eff. 2/2/2022.
Amended by Laws, 2018, ch. 369, SB 2097,§ 1, eff. 1/1/2018.
Amended by Laws, 2013, ch. 325, SB 2536, 1, eff. 3/7/2013.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › FREE PORT WAREHOUSES (§§ 27-31-51 — 27-31-61) › Section 27-31-55 - Filing of inventories by warehouses; records generally; determination of taxes

(1)
Each licensed "free port warehouse" shall file with the tax assessor of each taxing jurisdiction in which such warehouse or storage facility may be located an inventory of all personal property consigned or transferred to such warehouse or storage facility and located therein on January 1 of each year. Such inventory shall be submitted on such forms and in such manner as the tax assessor may prescribe and shall contain a separate statement of all property eligible for exemption under Sections
27-31-51
through
27-31-61
and a separate statement of all property consigned or transferred to such warehouse or storage facility. Such inventory shall be submitted by not later than March 31 of each year. Exemption shall be allowed for all eligible property, but accurate records shall be kept of all personal property shipped from any such warehouse or storage facility, together with the point of final destination of the same, and reports thereof shall be filed with such taxing authorities of this state and in such form and manner as the tax assessor may prescribe. At the conclusion of each calendar year each licensee under Sections
27-31-51
through
27-31-61
shall calculate the actual percentage of all personal property consigned or transferred to the warehouse or storage facility which was shipped to a final destination outside the state in relation to the total of all such personal property shipped to any destination during such year. Such percentage shall then be applied to the total value of all property contained in the inventory of such warehouse or storage facility as of January 1 of such year which was consigned or transferred to such warehouse or storage facility. If the result thus obtained shall be less than the value of property for which exemption was allowed, then the amount of such difference shall be deducted from the amount of the exemption previously allowed and taxes shall be levied and collected thereon by the tax collecting officers concerned.
(2)
If a licensed free port warehouse failed to submit the inventory required under subsection (1) of this section by March 31, 2020, due to measures related to Coronavirus Disease 2019 (COVID-19), because of either a required or voluntary closure of the business, a furlough, layoff or other reduction in staff operations, or the closure of county government offices, such free port warehouse may submit the required inventory by July 1, 2020.
Codes, 1942, § 9699-03; Laws, 1962, ch. 595, § 3; Laws, 1981, ch. 419, § 3; Laws, 2002, ch. 402, § 2; Laws, 2003, ch. 511, § 2, eff. 1/1/2003.
Amended by Laws, 2020, ch. 439, SB 3048,§ 1, eff. 7/3/2020.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › FREE PORT WAREHOUSES (§§ 27-31-51 — 27-31-61) › Section 27-31-57 - Power and authority of tax assessor; inspection of records; renewal or revocation of license

The tax assessor shall have full power and authority to require the keeping of all records and the making of all reports necessary to the accomplishment of the purpose of Sections
27-31-51
through
27-31-61
, and all books and records of any licensee shall be subject to the inspection of duly authorized agents of the ad valorem taxing authorities of the jurisdiction or jurisdictions wherein such licensee is located. The violation by the licensee of any of the terms and provisions of Sections
27-31-51
through
27-31-61
shall authorize the revocation of the license of any licensee by the tax assessor. In the event any license shall be revoked, then the exemption provided for therein shall thereby be annulled for the year in which such license may be revoked.
Codes, 1942, § 9699-04; Laws, 1962, ch. 595, § 4; Laws, 1981, ch. 419, § 4; Laws, 2002, ch. 402, § 3, eff. 7/1/2002.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS (§§ 27-31-1 — 27-31-NEW) › FREE PORT WAREHOUSES (§§ 27-31-51 — 27-31-61) › Section 27-31-59 - License fee

Each licensee shall pay to the governing authorities for each license which may be issued or renewed a fee in the amount of Ten Dollars ($10.00) for each issuance or renewal thereof.
Codes, 1942, § 9699-05; Laws, 1962, ch. 595, § 5; Laws, 2002, ch. 402, § 4, eff. 7/1/2002.