Agricultural land; impose tax on sale of certain foreign owned.

Summary

The bill creates a 5% tax on the profit from selling farmland that is owned at least 50% by non‑resident aliens. It also revises how the state determines the true value of such land for property tax purposes. The measure aims to raise revenue and address foreign ownership of Mississippi’s agricultural resources.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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