Mississippi HB420 increases homestead tax exemptions for honorably discharged veterans aged 85 and older and their unremarried surviving spouses.
Mississippi HB420 amends the state's homestead exemption rules to provide additional tax relief for certain veterans and their surviving spouses. Specifically, the bill allows honorably discharged veterans aged 85 and older, as well as unremarried surviving spouses of such veterans, an exemption from all ad valorem taxes on the assessed value of their homestead property. The exemption applies from January 1, 2027, for veterans aged 85 and older and from January 1, 2026, for unremarried surviving spouses.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.