Mississippi legislation · 2026 Regular Session
Mississippi HB4068: Ad valorem tax; exempt portion of true value of certain land.
Status: Failed, February 25, 2026
AN ACT TO PROVIDE THAT IF THE TRUE VALUE OF CERTAIN LAND IS DETERMINED IN A MANNER OTHER THAN THAT FOR AGRICULTURAL LAND, THE AMOUNT EQUAL TO THE DIFFERENCE BETWEEN THE TRUE VALUE DETERMINED FOR THE LAND AND WHAT THE TRUE VALUE OF THE LAND WOULD HAVE BEEN IF DETERMINED FOR AGRICULTURAL LAND, SHALL BE EXEMPT FROM AD VALOREM TAXATION; TO BRING FORWARD SECTION 27-35-50, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE DETERMINATION OF TRUE VALUE OF PROPERTY FOR PURPOSES OF AD VALOREM TAXATION; AND FOR RELATED PURPOSES.
What the bill says
An act to provide that if the true value of certain land is determined in a manner other than that for agricultural land, the amount equal to the difference between the true value determined for the land and what the true value of the land would have been if determined for agricultural land, shall be exempt from ad valorem taxation; to bring forward section 27-35-50, mississippi code of 1972, which provides for the determination of true value of property for purposes of ad valorem taxation; and for related purposes.
From the introduced text:
AN ACT TO PROVIDE THAT IF THE TRUE VALUE OF CERTAIN LAND IS DETERMINED IN A MANNER OTHER THAN THAT FOR AGRICULTURAL LAND, THE AMOUNT EQUAL TO THE DIFFERENCE BETWEEN THE TRUE VALUE DETERMINED FOR THE LAND AND WHAT THE TRUE VALUE OF THE LAND WOULD HAVE BEEN IF DETERMINED FOR AGRICULTURAL LAND, SHALL BE EXEMPT FROM AD VALOREM TAXATION; TO BRING FORWARD SECTION 27-35-50, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE DETERMINATION OF TRUE VALUE OF PROPERTY FOR PURPOSES OF AD VALOREM TAXATION; AND FOR RELATED PURPOSES. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: SECTION 1. From and after January 1, 2027, if the true value of eligible land is determined in a manner other than under Section 27-35-50(4)(b)(i), Mississippi Code of 1972, the amount equal to the difference between the true value so determined for the land and what the true value of the land would have been if determined under Section 27-35-50(4)(b)(i), Mississippi Code of 1972, shall be exempt from ad valorem taxation. For the purposes of this section, the term "eligible land" means a parcel of real property, excluding commercial and/or residential structures thereon, consisting of natural areas, waterways, creeks, ponds, *HR26/R2595.1* H. B. No. 4068 ~ OFFICIAL ~ R3/5 26/HR26/R2595.1 PAGE 1 (BS\KW) ditches and trees, and areas where sod …
Sponsors
- Horan, Kevin (R, 34) · primary sponsor
Latest actions
- : Died In Committee
- : Referred To Ways and Means
Subjects: Ad valorem tax
Common questions
- What is HB4068?
- HB4068 is a bill in the Mississippi Legislature (2026 Regular Session): Ad valorem tax; exempt portion of true value of certain land.
- What does HB4068 do?
- In its own words: An act to provide that if the true value of certain land is determined in a manner other than that for agricultural land, the amount equal to the difference between the true value determined for the land and what the true value of the land would have been if determined for agricultural land, shall be exempt from ad valorem taxation; to bring forward section 27-35-50, mississippi code of 1972, which provides for the determination of true value of property for purposes of ad valorem taxation; and for related purposes.
- What is the status of HB4068?
- Failed as of February 25, 2026. Latest action: Died In Committee (February 25, 2026).
- Who sponsored HB4068?
- Horan, Kevin (R, 34).
- Where is the official record for HB4068?
- On the Mississippi Legislature website: http://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB4068.xml
Source: official Mississippi record. Tracked by Delilah, AI for legislation across all 50 states and Congress.