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Bill > HB749
MS HB749
MS HB749Ad valorem tax; extend time for partial exemption and fee-in-lieu of ad valorem tax agreement for certain renewable energy projects.
summary
Introduced
01/16/2026
01/16/2026
In Committee
01/16/2026
01/16/2026
Crossed Over
Passed
Dead
02/12/2026
02/12/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Amend Section 27-31-46.1, Mississippi Code Of 1972, To Extend The Period In Which Certain Renewable Energy Projects May Begin Construction In Order To Be Eligible For A Partial Ad Valorem Tax Exemption; To Extend The Time Period Within Which County Boards Of Supervisors And Municipal Governing Authorities May Authorize A Partial Ad Valorem Tax Exemption For Certain Renewable Energy Projects; To Amend Section 27-31-104, Mississippi Code Of 1972, Which Authorizes County Boards Of Supervisors And Municipal Governing Authorities To Enter Into Agreements With Certain Enterprises Granting A Fee-in-lieu Of Ad Valorem Taxes, To Extend The Time Period Within Which County Boards Of Supervisors And Municipal Governing Authorities May Enter Into Such Agreements With Certain Renewable Energy Projects; And For Related Purposes.
AI Summary
This bill extends the deadlines for certain renewable energy projects to qualify for tax benefits in Mississippi. Specifically, it pushes back the date by which initial construction must begin for a project to be eligible for a partial exemption from property taxes (ad valorem taxes) from December 31, 2027, to December 31, 2030. It also extends the deadline for county and municipal authorities to authorize these partial exemptions from July 1, 2026, to July 1, 2029. Furthermore, the bill extends the timeframe for these same local government bodies to enter into "fee-in-lieu of ad valorem tax" agreements with certain renewable energy projects. A "fee-in-lieu" agreement allows a project to pay a negotiated fee instead of the full property taxes, often used to incentivize large investments. The bill effectively gives renewable energy projects more time to start construction and for local governments to finalize these tax incentive agreements.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died On Calendar (on 02/12/2026)
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/HB0749.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/HB/0700-0799/HB0749IN.htm |
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