Mississippi HB359 allocates $500,000 for the Department of Revenue to upgrade the homestead exemption system.
Mississippi HB359 provides $500,000 from the State General Fund to the Department of Revenue for fiscal year 2027 to cover costs related to upgrading the homestead exemption system. This system likely involves property tax exemptions for homeowners. The funds will be disbursed by the State Treasurer upon warrants issued by the State Fiscal Officer. The act is set to take effect from July 1, 2026.
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