Bill > HB1095

This bill amends Section 29-15-11 of the Mississippi Code to create a new exemption from county and municipal tax levies for certain leases granted by the Department of Marine Resources. Specifically, the bill adds a new subsection that exempts leases and subleases issued under Sections 49-15-27, 49-15-37, or 49-15-46 from being taxed at the county or municipal level. Previously, lessees of state public trust tidelands or submerged lands were generally responsible for paying tax levies on their leasehold interests. The new provision creates a specific carve-out for leases related to marine resources, potentially reducing the tax burden for certain lessees of state-owned coastal or marine lands. This exemption appears designed to potentially encourage marine-related economic development or provide special treatment for specific types of marine resource leases. The bill will take effect immediately upon its passage, meaning the tax exemption will apply as soon as the legislation is signed into law.

Agriculture and Natural Resources, Transportation and Infrastructure

https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB1095.xml