SB2994: Ad valorem tax; exempt certain business personal property from.
Legislative Summary
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.
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