Mississippi Senate bill in Session 2026.
Status: failed. Latest action: February 3, 2026.
Ad valorem taxes; authorize heavy equipment rental businesses to collect recovery fee from renters for payment of.
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.
| Date | Event | Detail |
|---|---|---|
| 2026-01-19 | Introduced | Bill introduced |
| 2026-02-03 | Status | failed |
| 2026-02-03 | Latest Action | (S) Died In Committee |