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MississippiSB 28242026 Regular SessionSenateWALLET

Ad valorem tax; extend deadlines for 50% exemption and lower fee-in-lieu minimum for certain projects and qualified businesses.

Sponsored By: Josh Harkins (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.

More property tax relief for energy projects

The law extends local property tax relief for qualifying energy projects. Construction must start between July 1, 2022 and December 31, 2031. Local boards must approve by July 1, 2030. Then the property can get a 50% ad valorem exemption for 10 years after the fee‑in‑lieu ends. For fee‑in‑lieu deals signed before July 1, 2030, the minimum payment can be 10% of the ad valorem levy. This levy includes school taxes. Otherwise, the minimum is one‑third. These benefits apply only to projects that qualify under the state's energy project exemption.

Fee-in-lieu rules change in 2028

The law keeps the current fee‑in‑lieu statute in place through June 30, 2028. The updated version takes effect on July 1, 2028. This shifts when the rules change, not the amounts due today.

Sponsors & Cosponsors

Sponsor

  • Josh Harkins

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 164 • No: 4

House vote • 3/17/2026

Passed

Yes: 118 • No: 1

Senate vote • 2/25/2026

Passed

Yes: 46 • No: 3 • Other: 1

Actions Timeline

  1. Approved by Governor

    3/25/2026legislature

  2. Enrolled Bill Signed

    3/19/2026House

  3. Enrolled Bill Signed

    3/19/2026Senate

  4. Returned For Enrolling

    3/18/2026House

  5. Passed

    3/17/2026House

  6. Title Suff Do Pass

    3/16/2026House

  7. Referred To Ways and Means

    2/26/2026House

  8. Transmitted To House

    2/26/2026Senate

  9. Passed

    2/25/2026Senate

  10. Committee Substitute Adopted

    2/25/2026Senate

  11. Title Suff Do Pass Comm Sub

    2/19/2026Senate

  12. Referred To Finance

    1/19/2026Senate

Bill Text

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