Statutes, codes, and regulations
Mississippi Code 1972
Title 27 - TAXATION AND FINANCEChapter 31 - AD VALOREM TAXES-GENERAL EXEMPTIONS
IN GENERAL
Section 27-31-36 - Railroad property owned by limited liability company or other entity wholly owned by railroad authority exempt from ad valorem taxation

Miss. Code § 27-31-36

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Current through the 2024 Regular Session
Section 27-31-36 - Railroad property owned by limited liability company or other entity wholly owned by railroad authority exempt from ad valorem taxation

All railroad properties and facilities in this state owned by a limited liability company or other entity that is wholly owned by a railroad authority created under Section 19-29-1 et seq., shall be exempt from ad valorem taxation to the same extent as property belonging to such a railroad authority. For the purposes of this section, the term "railroad properties and facilities" means and has the same definition as that term has in Section 19-29-5.

Miss. Code § 27-31-36

Amended by Laws, 2016, ch. 483, SB 2922, 6, eff. 7/1/2016.