Mississippi § 17-21-3 - Termination of exemption; exemption inapplicable to real estate with building thereon.
Full text of Mississippi Mississippi Code of 1972 Annotated § 17-21-3 — Termination of exemption; exemption inapplicable to real estate with building thereon., with citation guidance and answers to common questions.
§ 17-21-3. Termination of exemption; exemption inapplicable to real estate with building thereon.
The exemptions provided by Sections 17-21-1 and 17-21-3 if granted by the board of supervisors or the governing authorities of any municipality may be withdrawn or terminated as to any subsequent year and any exemptions granted pursuant to Sections 17-21-1 and 17-21-3 on real property which is subsequently leased or sold by the nonprofit industrial foundation, corporation or like association shall be terminated and such real property shall then be assessed for ad valorem taxation as other taxable property. The terms and provisions of Sections 17-21-1 and 17-21-3 shall not apply to any real estate having a building located thereon.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 17-21-3
What does Mississippi Code of 1972 Annotated § 17-21-3 cover?
Section 17-21-3 ("Termination of exemption; exemption inapplicable to real estate with building thereon.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 17-21-3?
A common citation format is "Mississippi Code of 1972 Annotated § 17-21-3" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 17-21-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.