SB3312

Mississippi SB3312 revises ad valorem tax assessment by including commercial solar and wind facilities as a separate category of industrial property.

Mississippi SB3312 amends the Mississippi Code to direct the Department of Revenue to include commercial solar and wind facilities as a separate category of industrial property when promulgating its annual table of inflation factors. If the Department does not provide a separate inflation factor for these facilities for a particular year, it must set the inflation factor at 1.000. The bill also outlines procedures for assessing the true value of various types of property, including affordable rental housing, rural structures, and land used for agricultural purposes.