Bill
Bill > SB2837
summary
Introduced
01/19/2026
01/19/2026
In Committee
01/19/2026
01/19/2026
Crossed Over
Passed
Dead
02/03/2026
02/03/2026
Introduced Session
2026 Regular Session
Bill Summary
An Act To Create The Property Tax Elimination And Replacement Study Committee To Examine, Evaluate And Develop Recommendations Regarding The Means For And Effects Of Eliminating Ad Valorem Taxes On Real Property, And The Most Effective Ways Of Replacing The Revenue That Would Be Lost As A Result Of Such Elimination; To Provide For The Composition, Organization And Responsibilities Of The Committee; To Provide That The Committee Shall Report Its Findings And Recommendations To The Legislature No Later Than December 1, 2026; To Direct The Department Of Revenue To Provide Necessary Staff And Administrative Support To The Committee; To Allow For Additional Support From The Joint Legislative Committee On Performance Evaluation And Expenditure Review (peer), Upon Request And Subject To Available Resources; To Provide For Compensation According To Law For Legislative Members And Travel Expense Reimbursement For Non-legislative Members; To Provide For The Dissolution Of The Committee On January 1, 2027, Or Upon The Submission Of Its Final Report, Whichever Is Earlier; And For Related Purposes.
AI Summary
This bill establishes the Property Tax Elimination and Replacement Study Committee, a twelve-member group tasked with examining how to eliminate property taxes on real estate and identifying the best ways to replace the lost revenue. The committee will review how much revenue property taxes currently generate for local governments, assess the costs associated with collecting these taxes, and analyze the impact of eliminating them on state funding. They will also explore alternative revenue sources and propose legislative or administrative changes by December 1, 2026. The Department of Revenue will provide staff support, and the Joint Legislative Committee on Performance Evaluation and Expenditure Review (PEER), a legislative oversight body, may also offer assistance. The committee will be dissolved on January 1, 2027, or after submitting its final report.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Died In Committee (on 02/03/2026)
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/SB/SB2837.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/SB/2800-2899/SB2837IN.htm |
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