All municipalities may grant like exemptions from municipal ad valorem taxation for a period not exceeding ten (10) years to all manufacturers and other new enterprises mentioned in Section 27-31-101 hereof, and gasworks, waterworks, cooperative electrification associations, excepting railroads and additions or expansions or replacements mentioned in Section 27-31-105 hereof; however, municipal authorities, in lieu of granting the exemption for one (1) period of ten (10) years, may grant the exemption in consecutive periods of less than ten (10) years, but the total of such consecutive periods shall not exceed ten (10) years.
No new exemption from ad valorem taxes levied for school district purposes shall be granted pursuant to this section from and after July 1, 1990.
Structure Mississippi Code
Title 27 - Taxation and Finance
Chapter 31 - Ad Valorem Taxes-General Exemptions
§ 27-31-101. Enumeration of new enterprises which may be exempted
§ 27-31-101. Enumeration of new enterprises which may be exempted
§ 27-31-101. Enumeration of new enterprises which may be exempted
§ 27-31-102. Exemption of equipment used in connection with enhanced oil recovery projects
§ 27-31-103. Exemption of property used in operation of new hotels or motels in certain counties
§ 27-31-104. Grant of fee in lieu of taxes for certain projects
§ 27-31-104. Grant of fee in lieu of taxes for certain projects
§ 27-31-107. Applications for exemptions
§ 27-31-109. Granting of exemptions
§ 27-31-111. Cessation of exempted operations
§ 27-31-113. Cancellation of exemption obtained by fraud, etc.