Municipal ad valorem taxes; exempt real property and motor vehicles in an annexed area for 12 months after annexation.

SB 2809 would have exempted real property and motor vehicles in areas newly annexed by a Mississippi municipality from all municipal ad valorem taxes (property taxes) for 12 months after annexation. This directly affected property owners and vehicle registrants whose addresses fell within a newly annexed area. The bill amended existing Mississippi tax code sections to add this 12-month tax holiday for both residential/commercial property and registered vehicles in annexed zones. The bill was referred to committee but died there on February 26, 2025, meaning it did not become law.