Any redevelopment project may contain a provision that municipal and county ad valorem taxes, if any, levied upon taxable property in a redevelopment project or municipal sales taxes collected within the area, or both, shall be divided according to a tax increment financing plan.
Miss. Code Ann. § 21-45-7
Division of ad valorem taxes according to tax increment financing plan
Known as the Tax Increment Financing Act
The act spans §§ 21-45-1 to 21-45-9 (11 sections).
Laws, 1986, ch. 449, § 4; Laws, 1993, ch. 527, § 1, eff from and after July 1, 1993.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.