AN ACT TO AMEND SECTION 55-3-47, MISSISSIPPI CODE OF 1972, TO EXEMPT LEASEHOLD INTERESTS OR SUBLEASES THEREOF CONVEYED TO NONPROFIT ORGANIZATIONS FOR THE DEVELOPMENT, SUPPORT, IMPROVEMENT, ADMINISTRATION AND/OR OPERATION OF STATE PARK LANDS FROM ALL STATE AND LOCAL AD VALOREM TAXES; TO EXEMPT EXPENDITURES OR PURCHASES MADE BY NONPROFIT ORGANIZATIONS FOR PURPOSES OF MAKING IMPROVEMENTS OR REPAIRS TO LANDS OR PROPERTIES SUBJECT TO SUCH LEASES OR SUBLEASES FROM ALL STATE AND LOCAL SALES AND USE TAXES; TO AMEND SECTIONS 27-31-1 AND 27-65-105, MISSISSIPPI CODE OF 1972, TO CONFORM; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 55-3-47, 27-31-1, 27-65-105