Mississippi Senate Bill SB2767

Mississippi 2022 Regular Session

• Introduced: 1/17/22
• Refer: 1/17/22
• Failed: 2/23/22

Caption

Ad valorem taxation; exempt 20% of the assessed value of one motor vehicle owned by a full-time public school classroom teacher.

Impact

If enacted, SB2767 will directly affect state tax laws regarding property ownership, particularly the taxation of motor vehicles. The amendment will allow public school teachers to benefit from a tax exemption that not only eases their financial obligations but also acknowledges their professional responsibilities. This change could incentivize more individuals to enter or remain in the teaching profession, as financial benefits can enhance job satisfaction and retention rates in the education sector.

Summary

Senate Bill 2767 aims to amend Section 27-51-41 of the Mississippi Code of 1972, focusing on ad valorem taxation exemptions specifically for classroom teachers. The bill proposes to exempt 20% of the assessed value of one motor vehicle owned by individuals employed full-time as classroom teachers within public school districts. This legislation is intended to provide financial relief to educators, recognizing their contributions to the educational system and potentially mitigating their financial burdens related to vehicle ownership.

Contention

While the intent behind SB2767 is generally supportive of educators, there may be concerns regarding the broader implications of tax exemptions for specific groups. Critics may argue that such targeted tax relief can lead to budgeting challenges for state revenue, particularly if similar exemptions are pursued for other professions or sectors. Additionally, the bill could raise questions about equity, as not all taxpayers may receive similar benefits, leading to discussions about fair taxation practices and distribution of educational resources.