Mississippi SB3116 adds categories for energy projects and enterprises for ad valorem tax exemptions.
Mississippi SB3116 amends the state's tax code to include new categories of energy projects and enterprises eligible for ad valorem tax exemptions. These include facilities generating energy through renewable sources and those storing energy using battery systems. The bill allows county boards of supervisors and municipal authorities to exempt up to 50% of the total assessed value of these projects. The exemption period can be up to ten years, with the possibility of consecutive periods granted by the authorities.
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