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MS HB1125

MS HB1125
Homestead exemption; revise certain provisions relation to application for.


summary

Introduced
01/19/2026
In Committee
01/19/2026
Crossed Over
Passed
Dead
02/03/2026

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Section 27-33-31, Mississippi Code Of 1972, To Provide That An Applicant For Homestead Exemption Shall Not Be Required To Produce A Copy Of Any Closing Statement Or Closing Disclosure In Or With An Application For Homestead Exemption; And For Related Purposes.

AI Summary

This bill amends Mississippi Code Section 27-33-31 to remove the requirement for applicants seeking a homestead exemption to provide a copy of a closing statement or closing disclosure with their application. A homestead exemption is a tax benefit that reduces the amount of property tax owed on a person's primary residence. A closing statement or closing disclosure is a document that details the financial aspects of a real estate transaction, such as the purchase price and any outstanding loans. By removing this requirement, the bill aims to simplify the application process for individuals applying for this property tax relief.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Died In Committee (on 02/03/2026)

bill text


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