SB2884

Establishes a study committee to examine eliminating ad valorem taxes on real property and replacing lost revenue.

Mississippi SB2884 creates the Property Tax Elimination and Replacement Study Committee. The committee will review the impact of eliminating ad valorem taxes on real property, assess cost savings to local governments, and explore alternative revenue methods. It will submit findings and recommendations to the Legislature by December 1, 2026. The committee comprises twelve members, including state officials and appointees from the Governor, Lieutenant Governor, and Speaker of the House. The committee will dissolve on January 1, 2027, or upon report submission, whichever is earlier.