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Bill > HB4044

MS HB4044

MS HB4044
Ad valorem tax; revise certain homestead exemption eligibility provisions, revise distribution of portion paid on certain homestead property.

summary

Introduced
02/23/2026
In Committee
03/04/2026
Crossed Over
02/25/2026
Passed
03/25/2026
Dead
Signed/Enacted/Adopted
03/25/2026

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Sections 27-33-51 And 27-33-63, Mississippi Code Of 1972, To Provide That If A Claimant For Homestead Exemption Has Failed To Comply, Or The Claimant's Spouse Has Failed To Comply, With The Income Tax Laws Of This State, The Claimant Shall Be Eligible For Homestead Exemption, But The Amount Of The Exemption Determined For The Property Shall Not Be Deducted From The Ad Valorem Taxes Due On The Property; To Provide That For Ad Valorem Taxes Collected On Such Property, The Amount Of The Ad Valorem Taxes Collected, That Is Equal To The Homestead Exemption Amount That Was Not Deducted From The Ad Valorem Taxes Due On The Property, Shall Be Remitted By The Tax Collector To The Department Of Revenue, Not To Exceed The Amount Of The Obligation For Which The Taxpayer Or Taxpayer's Spouse Has Failed To Comply With The Income Tax Laws Of This State; To Provide That The Department Of Revenue Shall Apply The Amount Remitted By The Tax Collector Against The Taxpayer's Or Taxpayer's Spouse's Income Tax Obligation; To Amend Section 27-33-11, Mississippi Code Of 1972, To Revise The Definition Of The Term "tax Loss" Under The Homestead Exemption Law; To Bring Forward Sections 27-33-75, 27-33-77 And 27-33-79, Mississippi Code Of 1972, Which Are Sections Of The Homestead Exemption Law, For The Purposes Of Possible Amendment; To Bring Forward Section 27-41-77, Mississippi Code Of 1972, Which Relates To The Disposition Of Excess Proceeds Resulting From The Sale Of Land For Nonpayment Of Ad Valorem Taxes, For The Purposes Of Possible Amendment; To Bring Forward Sections 27-45-1 And 27-45-5, Mississippi Code Of 1972, Which Relate To The Redemption Of Land Sold For Nonpayment Of Ad Valorem Taxes, For The Purposes Of Possible Amendment; And For Related Purposes.

AI Summary

This bill modifies provisions related to homestead exemptions in Mississippi, primarily by altering eligibility and distribution rules for ad valorem taxes, which are taxes based on property value. Specifically, starting January 1, 2027, individuals who have failed to comply with state income tax laws, or whose spouses have, will still be eligible for a homestead exemption, but the amount of that exemption will not be deducted from their property taxes. Instead, the tax collector will send an amount equal to the un-deducted exemption to the Department of Revenue, which will then apply it to the taxpayer's or their spouse's outstanding income tax obligations, up to the amount owed. The bill also updates the definition of "tax loss" to include these amounts remitted to the Department of Revenue and brings forward other sections of the homestead exemption law, as well as laws concerning the disposition of excess proceeds from tax sales and the redemption of land sold for unpaid taxes, for potential future amendments.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Approved by Governor (on 03/25/2026)

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