Any redevelopment project may contain a provision that municipal and county ad valorem taxes, if any, levied upon taxable property in a redevelopment project or municipal sales taxes collected within the area, or both, shall be divided according to a tax increment financing plan.
Structure Mississippi Code
Chapter 45 - Tax Increment Financing
§ 21-45-7. Division of ad valorem taxes according to tax increment financing plan
§ 21-45-9. Issuance of tax increment bonds; issuance of refunding bonds; agreements with developers
§ 21-45-11. Contents of tax increment financing plan; public hearing
§ 21-45-13. Security for principal, interest, and premium on tax increment bond
§ 21-45-15. Application of proceeds from sale of bonds
§ 21-45-17. Exemption from taxation
§ 21-45-19. Items which are included in cost of redevelopment project