Mississippi · 2026 Regular Session
An Act To Establish The "mississippi Forest And Agricultural Landowners' Fairness Act"; To Define Terminology And Prescribe The Purpose For Which The Legislation Is Intended In An Effort To Prevent Mississippi Taxpayers From Subsidizing The Taxes Of Nonresident Aliens And Federally Tax-exempt Entities Owning Or Having Possessory Interests In Forest And Agricultural Land Located In The State; To Prohibit Any State Tax Exemptions On The Assessed Value Of Forest And Agricultural Land To Nonresident Aliens And Federally Tax-exempt Entities That Own Or Have A Possessory Interest In Such Lands Located In The State; To Require Such Entities To Pay The Same Rate Of Income And Franchise Taxes As Other Business Corporations In The State Until January 1, 2028, When Those Taxes Upon Such Business Corporations Repeal By Operation Of Law; To Require All Nonresident Aliens And All Federally Tax-exempt Entities Owning Any Possessory Interest In Forestry And Agricultural Land To File A Full Disclosure Of All Ownership Information Of Each Tract Of Land It Owns With A Description Of Each Tract As Is Described In Its Deed Or Deeds To The Office Of The Secretary Of State Within Six Months Of Passage…
Died In Committee (2026-02-03)