Mississippi legislation · 2026 Regular Session
Mississippi HB4062: Ad valorem tax; exempt property within the Bayou Casotte Industrial Zone if annexed by a municipality.
Status: Failed, February 25, 2026
AN ACT TO CREATE THE BAYOU CASOTTE INDUSTRIAL ZONE; TO PROVIDE FOR CERTAIN LEGISLATIVE FINDINGS; TO AMEND SECTION 27-31-1, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF A MUNICIPALITY CHANGES ITS BOUNDARIES SO AS TO INCLUDE WITHIN THE BOUNDARIES OF THE MUNICIPALITY ANY PORTION OF THE AREA COMPRISING THE BAYOU CASOTTE INDUSTRIAL ZONE, ALL REAL AND PERSONAL PROPERTY THAT IS WITHIN THE ZONE AND WITHIN THE BOUNDARIES OF SUCH MUNICIPALITY SHALL BE EXEMPT FROM AD VALOREM TAXATION; TO BRING FORWARD SECTIONS 21-1-27, 21-1-29, 21-1-31, 21-1-33, 21-1-35, 21-1-37, 21-1-39, 21-1-41 AND 21-1-59, MISSISSIPPI CODE OF 1972, WHICH ARE SECTIONS OF LAW RELATING TO THE EXTENSION OR CONTRACTION OF MUNICIPAL CORPORATE BOUNDARIES, FOR THE PURPOSES OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.
What the bill says
An act to create the bayou casotte industrial zone; to provide for certain legislative findings; to amend section 27-31-1, mississippi code of 1972, to provide that if a municipality changes its boundaries so as to include within the boundaries of the municipality any portion of the area comprising the bayou casotte industrial zone, all real and personal property that is within the zone and within the boundaries of such municipality shall be exempt from ad valorem taxation by such municipality…
From the introduced text:
AN ACT TO CREATE THE BAYOU CASOTTE INDUSTRIAL ZONE; TO PROVIDE FOR CERTAIN LEGISLATIVE FINDINGS; TO AMEND SECTION 27-31-1, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF A MUNICIPALITY CHANGES ITS BOUNDARIES SO AS TO INCLUDE WITHIN THE BOUNDARIES OF THE MUNICIPALITY ANY PORTION OF THE AREA COMPRISING THE BAYOU CASOTTE INDUSTRIAL ZONE, ALL REAL AND PERSONAL PROPERTY THAT IS WITHIN THE ZONE AND WITHIN THE BOUNDARIES OF SUCH MUNICIPALITY SHALL BE EXEMPT FROM AD VALOREM TAXATION BY SUCH MUNICIPALITY; TO BRING FORWARD SECTIONS 21-1-27, 21-1-29, 21-1-31, 21-1-33, 21-1-35, 21-1-37, 21-1-39, 21-1-41 AND 21-1-59, MISSISSIPPI CODE OF 1972, WHICH ARE SECTIONS OF LAW RELATING TO THE EXTENSION OR CONTRACTION OF MUNICIPAL CORPORATE BOUNDARIES, FOR THE PURPOSES OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. Sections 1 through 3 of this act shall be known and may be cited as the "Bayou Casotte Industrial Zone Establishment Act". It is the intent of the Legislature to establish the Bayou Casotte Industrial Zone, to define its boundaries, to promote economic development, and to exempt property within the zone from municipal ad valorem taxation if annexed by a municipality. SECTION 2. For the purposes of Sections 1 through 3 of this act, the following words and phrases shall have the meanings *HR26/R2570CS* …