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MississippiHB 40442026 Regular SessionHouseWALLET

Ad valorem tax; revise certain homestead exemption eligibility provisions, revise distribution of portion paid on certain homestead property.

Sponsored By: John Thomas "Trey" Lamar (Republican)

Signed by Governor

Ways and MeansFinance

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Homeowners’ exemptions pay state tax debts

Starting January 1, 2027, you can still qualify for a Mississippi homestead exemption if you or your spouse has not complied with state income-tax laws. The tax collector does not deduct the exemption from your property taxes. Instead, the collector sends an equal amount to the state, up to the unpaid income-tax obligation. The state applies that money to the obligation.

Remitted taxes count toward local reimbursements

The law counts homestead-tax amounts sent to the state as tax losses when local taxing jurisdictions’ reimbursements are calculated. It does not set a reimbursement amount.

Sponsors & Cosponsors

Sponsor

  • John Thomas "Trey" Lamar

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 170 • No: 0

Senate vote • 3/17/2026

Passed

Yes: 52 • No: 0

House vote • 2/25/2026

Passed

Yes: 118 • No: 0 • Other: 2

Actions Timeline

  1. Approved by Governor

    3/25/2026legislature

  2. Enrolled Bill Signed

    3/19/2026Senate

  3. Enrolled Bill Signed

    3/18/2026House

  4. Returned For Enrolling

    3/18/2026Senate

  5. Passed

    3/17/2026Senate

  6. Title Suff Do Pass

    3/16/2026Senate

  7. Referred To Finance

    3/4/2026Senate

  8. Transmitted To Senate

    2/26/2026House

  9. Passed

    2/25/2026House

  10. Title Suff Do Pass

    2/24/2026House

  11. Referred To Ways and Means

    2/23/2026House

Bill Text

Related Bills

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