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Bill

HB 1095

Department of Marine Resources; exempt certain leases from any county or municipal tax levy upon leasehold interests.

2025 Regular Session

Mississippi exempts marine resource leases from local property taxes, reducing government revenue while lowering costs for commercial fishing and aquaculture operators.

Approved by Governor
#finance #marineresources #portsandmarineresources #waysandmeans
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Bill Summary · HB 1095

Legislative bill overview

HB 1095 exempts certain marine resource leases from county and municipal property taxes on leasehold interests in Mississippi. The bill specifically targets leases administered by the Department of Marine Resources, removing the tax obligation that would otherwise apply to the leasehold value itself (distinct from the underlying land).

Why is this important

This exemption reduces operating costs for entities leasing state marine resources, potentially lowering prices for commercial fishing, aquaculture, or other marine-based businesses. However, it simultaneously reduces tax revenue for counties and municipalities that depend on property tax income for schools, infrastructure, and services.

Potential points of contention

  • Revenue impact: Local governments lose a revenue stream without apparent replacement funding, potentially affecting services in coastal counties
  • Fairness concerns: Creates preferential tax treatment for marine lease holders compared to other commercial leaseholders or property owners
  • Scope ambiguity: The bill's reference to "certain leases" lacks detailed specification of which lease types qualify, potentially creating administrative uncertainty or unequal application

Compiled from official sources — confirm details with the bill’s official record.

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