Mississippi SB3162 provides homestead tax exemptions for veterans, seniors, and active-duty military members.
Mississippi SB3162 amends the state's tax code to provide homestead tax exemptions for specific groups. It grants exemptions to honorably discharged veterans, homeowners aged 65 and older, and their unremarried surviving spouses. Additionally, it extends exemptions to active-duty military members and surviving spouses of military personnel who died in the line of duty. The exemptions apply to the assessed value of the homestead property, with specific provisions for different income brackets. The changes will take effect from January 1, 2027.
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