Property Tax Fee-In-Lieu (Mississippi)
Last modified on February 12, 2015.
|Applies to States or Provinces||Mississippi|
|Name||Property Tax Fee-In-Lieu (Mississippi)|
|Policy Category||Financial Incentive|
|Policy Type||Property Tax Incentive|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Mississippi Department of Revenue|
|Applicable Jurisdiction||Statewide but must be approved at municipal level|
The Property Tax Fee-In-Lieu allows for new or expansion projects in the state that have a private capital investment in excess of $100,000,000, a negotiated fee can be set that is paid in place of the standard property tax levy. This incentive is provided to encourage development with local communities and must be agreed to by the local board of supervisors and municipal authorities prior to being awarded. This negotiated fee may be awarded for up to 10 years, but cannot be less than one third of the property tax levy, including the property taxes assessed for school districts.
|Department||Mississippi Department of Revenue|
|Division||Department of Revenue|
|Address||P.O Box 1033, Jackson, MS, 39215 (mailing address)|
|Address 2||1577 Springridge Rd., Raymond, MS 39154 (physical address)|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Mississippi Department Of Revenue|