Mississippi SB3109 exempts leases and subleases of state park lands to nonprofits from state and local ad valorem taxes.
Mississippi SB3109 amends the state code to exempt leases and subleases of state park lands to nonprofit organizations from all state and local ad valorem taxes. Additionally, it exempts expenditures or purchases made by these nonprofits for improvements or repairs to the leased or subleased lands from state and local sales and use taxes. The bill also updates other sections of the state code to reflect these changes and maintain consistency. This legislation aims to support nonprofit organizations in their efforts to develop, support, improve, administer, and operate state park lands.
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