§ 17-21-1. Exemption from ad valorem taxes for real property of nonprofit industrial or economic development organizations

MS Code § 17-21-1 (2019) (N/A)
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(a) Which is owned by a nonprofit industrial foundation, corporation or like association organized and operated for the public purpose of promoting economic and industrial development; and

(b) Which is acquired for the sole purpose of making sites available for industrial development; and

(c) When no part of the income thereof inures to the benefit of any private stockholder or individual.