Mississippi legislation · 2026 Regular Session
Mississippi HB4004: Ad valorem tax; exempt certain tractors, agricultural implements and equipment, and vehicles.
Status: Failed, February 25, 2026
AN ACT TO AMEND SECTION 27-31-1, MISSISSIPPI CODE OF 1972, TO EXEMPT FROM AD VALOREM TAXATION TRACTORS, AGRICULTURAL IMPLEMENTS AND EQUIPMENT, AND VEHICLES, NOT EXEMPT UNDER SECTION 27-51-41(2), WHILE IN THE HANDS OF A BONA FIDE DEALER AS MERCHANDISE ON A FLOOR PLAN, CONSIGNMENT OR OTHER BASIS; AND FOR RELATED PURPOSES.
What the bill says
An act to amend section 27-31-1, mississippi code of 1972, to exempt from ad valorem taxation tractors, agricultural implements and equipment, and vehicles, not exempt under section 27-51-41(2), while in the hands of a bona fide dealer as merchandise on a floor plan, consignment or other basis; and for related purposes.
From the introduced text:
AN ACT TO AMEND SECTION 27-31-1, MISSISSIPPI CODE OF 1972, TO EXEMPT FROM AD VALOREM TAXATION TRACTORS, AGRICULTURAL IMPLEMENTS AND EQUIPMENT, AND VEHICLES, NOT EXEMPT UNDER SECTION 27-51-41(2), WHILE IN THE HANDS OF A BONA FIDE DEALER AS MERCHANDISE ON A FLOOR PLAN, CONSIGNMENT OR OTHER BASIS; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Section 27-31-1, Mississippi Code of 1972, is amended as follows: 27-31-1. The following shall be exempt from taxation: (a) All cemeteries used exclusively for burial purposes. (b) All property, real or personal, belonging to the State of Mississippi or any of its political subdivisions, except property of a municipality not being used for a proper municipal purpose and located outside the county or counties in which such municipality is located. A proper municipal purpose within the meaning of this section shall be any authorized governmental or corporate function of a municipality. *HR43/R483* H. B. No. 4004 ~ OFFICIAL ~ R3/5 26/HR43/R483 PAGE 1 (BS\KP) (c) All property, real or personal, owned by units of the Mississippi National Guard, or title to which is vested in trustees for the benefit of any unit of the Mississippi National Guard; provided such property is used exclusively for such unit, or for public purposes, and not for profit. (d) All …
Sponsors
- Steverson, Jody (R, 4) · primary sponsor
Latest actions
- : Died In Committee
- : Referred To Ways and Means
Subjects: Ad valorem tax
Common questions
- What is HB4004?
- HB4004 is a bill in the Mississippi Legislature (2026 Regular Session): Ad valorem tax; exempt certain tractors, agricultural implements and equipment, and vehicles.
- What does HB4004 do?
- In its own words: An act to amend section 27-31-1, mississippi code of 1972, to exempt from ad valorem taxation tractors, agricultural implements and equipment, and vehicles, not exempt under section 27-51-41(2), while in the hands of a bona fide dealer as merchandise on a floor plan, consignment or other basis; and for related purposes.
- What is the status of HB4004?
- Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).
- Who sponsored HB4004?
- Steverson, Jody (R, 4).
- Where is the official record for HB4004?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB4004.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.