Ad valorem tax; revise certain homestead exemption eligibility provisions, revise distribution of portion paid on certain homestead property.

Summary

The bill changes Mississippi’s homestead exemption rules so that owners who have not paid state income tax, or whose spouse hasn’t, can still claim the exemption. However, the exemption amount will not reduce their property tax bill; instead, that amount is collected as ad valorem tax and sent to the Department of Revenue to be applied against the unpaid income tax. This approach keeps the exemption available while encouraging compliance with income‑tax obligations.

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