Mississippi Senate Bill 2878: Ad valorem taxes; authorize heavy equipment rental businesses to collect recovery fee from renters for payment of.

Mississippi · 2026 Regular Session

What it does

An Act To Allow A Qualified Heavy Equipment Rental Business To Charge To A Renter A Recovery Fee In An Amount Not To Exceed 2% Of The Rental Charge For Each Item Of Heavy Equipment Rented In This State; To Provide That Such A Fee Shall Be Used To Pay Or As A Reimbursement For The Payment Of Any Ad Valorem Taxes Levied Or Assessed On The Qualified Rental Business's Heavy Equipment In The State; To Provide That Any Recovery Fees Collected That Exceed The Ad Valorem Taxes Levied Upon A Qualified Heavy Equipment Rental Business In Any Year May Be Held And Applied To Taxes Levied Or Assessed In Any Subsequent Year; And For Related Purposes.

Latest action

Died In Committee (2026-02-03)

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