Mississippi House Bill HB1659

Mississippi 2023 Regular Session

• Introduced: 2/15/23
• Refer: 2/15/23
• Failed: 2/22/23

Caption

Homestead exemption; increase for persons retired from military or law enforcement service.

Impact

The bill aims to significantly impact state laws regarding the taxation of homestead properties by providing an avenue for financial relief to veterans and retired law enforcement personnel. By limiting the tax obligations for these groups, the bill is set to promote better financial stability among those who have served the state or the nation. According to the legislation, the qualifications for exemptions will also extend to unremarried surviving spouses of the aforementioned individuals, thereby helping families of those who have served. This is aligned with federal efforts to support veterans and emergency responders.

Summary

House Bill 1659 amends the Mississippi Code to provide an ad valorem tax exemption on homestead property specifically for qualified homeowners who are retired members of the United States Armed Forces or are retired law enforcement officers. This legislation seeks to alleviate the financial burden on individuals who have served in these capacities by reducing their property tax liabilities. The exemption provisions apply to homeowners who claim this exemption, ensuring that their properties are protected under the identified exemptions defined in the original code sections.

Contention

One notable point of contention surrounding this bill could involve debates about fairness in tax exemptions and potential impacts on local government funding. Critics may argue that such exemptions could place a heavier tax burden on other residents or decrease funding for essential local services reliant on property taxes, such as schools and infrastructure projects. Proponents, however, may assert the importance of supporting those who have served and sacrificed for public safety and security, viewing the exemption as a justified recognition of their service.