SB2209 - Ad valorem taxes; consider annexed business "new enterprise" for purpose of eligibility for certain municipal tax exemptions.

1 Co-Sponsor

An Act To Amend Sections 27-31-101 And 27-31-103, Mississippi Code Of 1972, To Provide That If A Municipality Annexes An Area Already Containing An Enterprise Of A Kind Otherwise Eligible To Receive Discretionary Ad Valorem Tax Exemptions As A New Enterprise, Such Enterprise Shall Be Considered A "new Enterprise" For Purposes Of The Municipality's Authority To Grant The Discretionary Exemptions; To Provide That The Date From Which The Initial Period Of Exemption Begins Shall Be The Effective Date Of The Annexation Of The Area In Which The Enterprise Is Located; To Amend Sections 27-31-104, 27-31-105, 27-31-107 And 27-31-115 Mississippi Code Of 1972, In Conformity Thereto; And For Related Purposes.