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Bill > SB2877

MS SB2877

MS SB2877
Motor vehicle tags; remove portion of fees deposited to State General Fund, or rededicate to Ad Valorem Tax Reduction Fund.

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 27-19-99, Mississippi Code Of 1972, To Rededicate The Portion Of The Standard License Tag Fee Deposited Into The State General Fund, So That It Will Be Deposited Instead Into The Motor Vehicle Ad Valorem Tax Reduction Fund; To Amend Section 27-19-56.15, Mississippi Code Of 1972, To Rededicate The Portion Of The Additional Fee Deposited Into The State General Fund From The Sale Of Distinctive License Tags Displaying The Emblems Of Certain Public Or Private Universities Located In Other States, So That It Will Be Deposited Instead Into The Motor Vehicle Ad Valorem Tax Reduction Fund; To Amend Section 27-19-56.24, Mississippi Code Of 1972, To Rededicate The Portion Of The Ducks Unlimited, Inc., Distinctive License Tag Additional Fee To Be Deposited Into The State General Fund If There Is No Mississippi Chapter Of Ducks Unlimited, Inc., So That It Will Be Deposited Instead Into The Motor Vehicle Ad Valorem Tax Reduction Fund; To Amend Section 27-19-56.137, Mississippi Code Of 1972, To Rededicate The Portion Of The Rebuild The Coast.org Distinctive License Tag Additional Fee To Be Deposited Into The State General Fund When Rebuild The Coast.org Is Dissolved, So That It Will Be Deposited Instead Into The Motor Vehicle Ad Valorem Tax Reduction Fund; To Amend Sections 27-19-45, 27-19-47, 27-19-47.1, 27-19-47.2, 27-19-48, 27-19-56.1, 27-19-56.2, 27-19-56.3, 27-19-56.5, 27-19-56.6, 27-19-56.11, 27-19-56.13 And 27-19-56.467, Mississippi Code Of 1972, To Remove The Portions Of Other Distinctive License Tag Additional Fees That Are Currently Deposited Into The State General Fund; To Amend Section 27-19-179, Mississippi Code Of 1972, To Change The Provision That Unexpended Amounts Above $500,000.00 In The Department Of Revenue License Tag Acquisition Fund Shall Lapse Annually Into The State General Fund, So That They Will Lapse Instead Into The Motor Vehicle Ad Valorem Tax Reduction Fund; To Amend Section 27-51-105, Mississippi Code Of 1972, In Conformity To The Above; And For Related Purposes.

AI Summary

This bill proposes to redirect a portion of motor vehicle tag fees that are currently deposited into the State General Fund to the Motor Vehicle Ad Valorem Tax Reduction Fund, which is intended to reduce ad valorem taxes (property taxes) on vehicles. Specifically, it amends several sections of Mississippi law to change where these fees go. For standard license tags, a portion of the fees will now go to the Ad Valorem Tax Reduction Fund instead of the State General Fund. Similarly, additional fees from specialized license plates, such as those for out-of-state universities, Ducks Unlimited, and RebuildTheCoast.org, will also be redirected to the Ad Valorem Tax Reduction Fund under certain conditions, such as the dissolution of an organization or if there's no local chapter. Furthermore, any unspent money exceeding $500,000 in the Department of Revenue License Tag Acquisition Fund will now lapse into the Motor Vehicle Ad Valorem Tax Reduction Fund instead of the State General Fund, starting in fiscal year 2026. The bill also makes conforming changes to other sections of the code to reflect these redirections.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Died In Committee (on 02/03/2026)

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