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2018 Mississippi Code
Title 27 - Taxation and Finance
Chapter 31 - Ad Valorem Taxes—general Exemptions
In General
§ 27-31-36. Railroad property owned by limited liability company or other entity wholly owned by railroad authority exempt from ad valorem taxation.
Universal Citation: MS Code § 27-31-36 (2018)
All railroad properties and facilities in this state owned by a limited liability company or other entity that is wholly owned by a railroad authority created under Section 19-29-1 et seq., shall be exempt from ad valorem taxation to the same extent as property belonging to such a railroad authority. For the purposes of this section, the term “railroad properties and facilities” means and has the same definition as that term has in Section 19-29-5.
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