Mississippi House Bill HB1759

Mississippi 2024 Regular Session

• Introduced: 3/5/24
• Refer: 3/5/24
• Failed: 3/27/24

Caption

Homestead exemption; provide additional exemption for unremarried surviving spouses of disabled persons.

Impact

The bill amends existing provisions governing homestead exemptions, thereby expanding tax relief to a new class of beneficiaries. This extension is significant as it acknowledges the financial challenges faced by surviving spouses of disabled homeowners, allowing them to retain tax exemptions they previously enjoyed as part of their household. By maintaining these exemptions, the bill aims to stabilize the housing situation for these survivors and prevent potential financial distress.

Summary

House Bill 1759 proposes amendments to Sections 27-33-67 and 27-33-75 of the Mississippi Code of 1972, aimed at extending tax benefits associated with homestead exemptions. Specifically, it grants the unremarried surviving spouses of homeowners who are totally disabled the same exemption rights from ad valorem taxes that the disabled homeowners enjoy. The intent of this legislation is to provide ongoing financial support to spouses who have lost partners due to disabilities, ensuring they can maintain their homes without the additional burden of property taxes.

Contention

Although the bill aims to offer important support, it may also generate debate regarding the sources of revenue for local governments. Expanding tax exemptions for a specific group could lead to reduced tax income for municipalities that rely on ad valorem taxes for funding essential services. Legislators may address concerns related to the equitable distribution of tax burdens and the fiscal impact it may have on state and local budgets.