Motor vehicle ad valorem tax credit; bring forward sections of law relating to.

HB 1594 is a procedural bill that reorganizes existing Mississippi law (specifically Sections 27-51-101, 103, 105, and 107) related to a motor vehicle property tax credit. It authorizes a tax credit equal to 5% (reduced to 4.25% after 2009) of a vehicle's assessed value for businesses operating "private carriers of passengers" (like taxis) and "light carriers of property" (vehicles under 10,000 lbs). The credit reduces local property tax revenue for counties, which is reimbursed through a dedicated state fund (Motor Vehicle Ad Valorem Tax Reduction Fund) that collects state sales tax revenue. This bill did not become law, as it died in committee in February 2025.