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

HB 207 is a procedural bill that reorganizes existing sections of Mississippi law related to motor vehicle tax credits. It brings forward Sections 27-51-101, 103, 105, and 107 (which govern a tax credit for private passenger carriers and light property carriers) and Section 27-65-75 (which handles sales tax revenue distribution) to a new location in the code. The bill does not change the credit amount (currently 4.25% of assessed value for qualifying vehicles) or the mechanism of the Motor Vehicle Ad Valorem Tax Reduction Fund, which reimburses counties for lost tax revenue due to the credit. It only aims to update the legal structure for potential future amendments. The bill died in committee in 2026.