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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: 0 benefits, 0 costs, 2 mixed.

Homestead break withheld if state taxes unpaid

Beginning July 1, 2026, if you or your spouse aren’t compliant with Mississippi income tax, your homestead break isn’t deducted. The county sends that amount to the state, up to your unpaid state income tax. The Department of Revenue applies it to your state tax debt. Starting January 1, 2027, you can still file for the exemption, but the amount is withheld until you prove compliance.

County reimbursement rules clarified for exemptions

Beginning July 1, 2026, “tax loss” includes homestead exemptions and amounts collectors send to the state under the new rule. Reimbursements to counties, cities, and schools use the standard state formulas. This clarifies local accounting and does not change a homeowner’s tax bill.

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

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

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