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MS HB420
MS HB420Homestead exemption; increase for honorably discharged veterans age 85 or older and unremarried surviving spouses of such persons.
summary
Introduced
01/12/2026
01/12/2026
In Committee
01/12/2026
01/12/2026
Crossed Over
02/25/2026
02/25/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act To Amend Section 27-33-75, Mississippi Code Of 1972, To Provide That A Qualified Homeowner Who Is An Honorably Discharged American Veteran And Has Reached 85 Years Of Age On Or Before January 1 Of The Year For Which Homestead Exemption Is Claimed, Shall Be Allowed An Exemption From All Ad Valorem Taxes On The Assessed Value Of The Homestead Property; To Provide That The Unremarried Surviving Spouse Of Such A Homeowner Shall Be Allowed An Exemption From All Ad Valorem Taxes On The Assessed Value Of The Homestead Property; And For Related Purposes.
AI Summary
This bill expands the homestead exemption, which is a property tax relief for homeowners, to include more honorably discharged veterans and their surviving spouses. Specifically, it lowers the age requirement for honorably discharged American veterans to qualify for a full exemption from all ad valorem taxes (property taxes) on their homestead property from 90 years old to 85 years old, effective for exemptions claimed in the 2027 calendar year. It also extends this full exemption to the unremarried surviving spouse of such a veteran, also effective for exemptions claimed in the 2027 calendar year.
Committee Categories
Budget and Finance
Sponsors (11)
Tracy Arnold (R)*,
Charles Blackwell (R)*,
Lester Carpenter (R)*,
Rodney Hall (R)*,
W.I. Harris (R)*,
Jeffrey Hulum (D)*,
Bill Kinkade (R)*,
Dana McLean (R)*,
Jansen Owen (R)*,
Kimberly Remak (R)*,
Beth Luther Waldo (R)*,
Last Action
Passed (on 02/25/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0420.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/0400-0499/HB0420IN.htm |
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