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					           INSTRUCTIONS FOR FILING AD VALOREM TAX EXEMPTION REQUESTS IN
                   SOUTHAVEN AND DESOTO COUNTY, MISSISSIPPI FOR
                              MANUFACTURERS AND DISTRIBUTORS

Tax Exemption:

       ●   New Industrial Ad Valorem Tax Exemption provides relief from all ad valorem taxes,
           both County and Municipal, except General and Education County Levy, Road and Bridge
           and Debt Service; Municipal Parks and Library taxes for certain eligible industries, including
           manufacturers, warehouses, and distribution centers for a term not to exceed ten (10) years.

       ●   Expanded Properties Ad Valorem Tax Exemption is available for established
           industries that expand their facilities in later years. These exemptions apply to real
           property, furniture and fixtures, machinery and equipment and other property used
           to establish certain industrial enterprises.

       ●   All equipment should be installed and payment made for equipment prior to
           completion date shown on application.

       ●   Minimum capital investment to be met to be considered:

                       5-25 current FTE employees       $300,000.

                       26 + current FTE employees       $500,000. +
Filing Deadlines:

       ●   June 1 of the year immediately following the completion date of a new location
           or expansion - application for tax exemption due

       ●   Completion of Project – considered to be the date that all equipment is installed and
           operations have begun

       ●   Application for Freeport Warehouse License must be filed by December 31
           of the year location or expansion is announced, not at date of completion. The
           governing authorities grant the exemption for Freeport Warehouse purposes and
           license is issued, and reports are to be filed with the Tax Assessor.

       ●   Before January 1 of the year in which exemption is requested – exemption must be
           approved and license issued by DeSoto County Board of Supervisors and Mayor and
           Board of Alderman of the City of Southaven.

       ●   March 31 – year-end reports due to Tax Assessor’s Office

Assessment Dates:

       ●   All taxable real property situated in the State of Mississippi acquired or held by
           any person before January 1 of each year, and all other taxable property so situated
           or brought into this state at any time prior to March 1 of each year, shall be assessed
           and taxes thereon paid for the ensuing year. (Mississippi Code Section 27-53-3)

Required Documents to file:

       ●   Guidelines for Tax Advisory Committee
       ●   Application for Ad Valorem Tax Exemption
       ●   Application for Freeport Warehouse Exemption
       ●   Application for DeSoto Council Membership
Guidelines:
       ●    Consideration given to full 10-year exemption on Real Property addition.

       ●    Exemption on Personal Property – consideration given to tax exemption for the
            length of the real property lease; or in the case of ownership an exemption not
            to exceed 10 years.

       ●    Any company applying for a tax exemption, where only the name of the existing
            business has changed, would not be eligible to apply for a new exemption on
            previously exempted equipment that is older that ten years old. If real property
            changes ownership by deed, the new owner can apply for an exemption on real
            property.

       ●    Existing businesses that relocate to DeSoto County shall be entitled to an exemption
            as noted above, but at the depreciated value of the equipment according to the actual
            age. No equipment older than ten years will be exempted. Personal property cannot
            be exempted from taxation for more than ten years. Requests for personal property
            exemptions must include a full description of personal property including description,
            serial number, purchase date, and purchase price (or value)

       ●    Next personal property exemption request and thereafter – consideration given to
            5-year exemption. In the event that capital investment and/or employment are
            favorable, then consideration could be given for an exemption of up to 10 years, also
            determined by lease/ownership status. Real property expansions would be considered
            for a 10-year period.

Exhibit to the application must show the following:

       ● Real Property – (A LEGAL DESCRIPTION AND A COPY OF THE DEED)
         of the property and its exact location and amount paid for the property. The
         description includes the number of acres and a plat of the property.

       ● Existing building on the property – description of the building, including
         square footage, type of construction, and the true value of the building (purchase price).

       ● Newly constructed buildings – detail of the construction costs to include costs
         for electrical, plumbing, etc. If the contractor uses a standardized application for
         payment form, which details these items, the final application may be submitted.

       ● Detail each piece of equipment giving date of installation, serial number true value
         of the equipment. Each item must be listed separately. Individual items costing less
          than $1000, software, and rolling stock (trucks) are not eligible for exemptions.

           Submit taxable asset listing in excel spreadsheet format and email to:
           annawilliams@desotocountyms.org


       ● Taxable asset listing should separate Real and Personal Property.


Foreign Trade Zone Activation:

       If locating in the DeSoto Trade Center and pursuing activation of your space for Foreign
       Trade Zone use, send to our office upon receipt from U.S. Customs and Border Protection
       a copy of the letter authorizing activation with a copy of the site plan for the area that is
       activated.
Instructions:

       ● (Verify that your application is complete with required documents, appropriately signed,
           and includes the attachments)

       ● Provide three (3) original signed copies addressed to the DeSoto County Board
         of Supervisors at the following address:
                        Mrs. Vanessa Lynchard
                        Director, Administrative Services
                        DeSoto County Board of Supervisors
                        365 Losher Street, Suite 300
                        Hernando, MS 38632
                        (662) 429-1462

       •    Provide three (3) original signed copies to the Mayor and Board of Aldermen at the following
            Address:
                        City of Southaven
                        Mark Sorrell, Esq.
                        8710 Northwest Drive
                        Southaven, MS 38671
                        (662) 393-5931

       ● Send a copy of each application to the following:

                        Tax Advisory Committee
                        DeSoto Council
                        316 West Commerce Street
                        Hernando, MS 38632

       ● Contact the DeSoto Council to assist in scheduling meetings with the appropriate government
         bodies and present the request. It is required that a company management representative be present
         when the request is presented to the Tax Advisory Committee, the DeSoto County Board of Supervisors
         and respective municipal board.

       ● If the applicant company is not currently a member of the DeSoto Council, a
         completed membership application form must be returned with exemption request.

       ● The earlier you file your request after completion of the project, the better. (Incorrect
         or incomplete applications will be returned and cannot be filed until corrections are made). Delay
         in filing may result in tax liability for the current year. Exemptions are not effective until approved by
         both governing bodies (DeSoto County Board of Supervisors & City Board of Aldermen)

       ● In the event that timely and accurate reporting including tax payments does not occur,
         the exemption may be revoked.

       ● If you have any questions, please contact Jim Flanagan at the DeSoto Council at
         (662) 429-4414, fax (662) 429-0952, or email jflanagan@desotocounty.com, or you
         may call Anna Williams at the Tax Assessor’s Office at (662) 429-1335 or email
         annawilliams@desotocountyms.org.


  The applicant company accepts all responsibility for the preparation and timely filing of the ad
  valorem tax exemption and Freeport Warehouse application and respective board presentation
   and approval process at both the city and county level. The DeSoto Council only serves in an
          advisory role and thus accepts no responsibility in the tax exemption process.
        GUIDELINES FOR TAX ADVISORY COMMITTEE
                                DeSoto County, Mississippi


Type of Exemption(s) Requested:
Ad Valorem: Real _____, Personal _____
Freeport Warehouse _____


Company:____________________________________           Date: _____________

Local Mailing Address:
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________

Physical Address: _____________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________

Local Contact Name/Title : ______________________________________________________________

Telephone Number: ________________________             Fax Number: _________________________

Email Address: _______________________________________

Corporate Headquarters (or Division) Address, Telephone, Contact Name: ________________________
____________________________________________________________________________________
____________________________________________________________________________________


DESCRIPTION OF COMPANY PROCESS/PRODUCT*: __________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
*To determine eligibility according to state statute


WORKFORCE:

      Number of Employees ______      FTE's _______    Temp ______   Part-Time _____

      Full Time Hourly ______            Full Time Salaried ______

      Number of employees anticipated after 2 years ______
    Percentage of employees that live in DeSoto County: Salaried ___________   Hourly _________

    Plans to recruit in DeSoto County: __________________________________________________

    ______________________________________________________________________________
    ______________________________________________________________________________
    ______________________________________________________________________________

    Average Hourly Wage (with benefits) $ _____________ Fringe Benefits/Wage _______%
    Minimum base hourly wage (with benefits) should be not less than 165% of minimum wage
    * (Note % can be revised according to minimum wage increases.)

    Estimated Annual Payroll $ _____________________________________________________

    Attached Description of Benefit Package: ____________________________________________
    ______________________________________________________________________________
    ______________________________________________________________________________
    ______________________________________________________________________________

    Employee Training/Education Opportunities Offered: ___________________________________
    ______________________________________________________________________________
    ______________________________________________________________________________


    Does company currently have union representation: _____
    If so, name of union and any strike activity within the past 5 years _________________________
    ______________________________________________________________________________
    Does company anticipate union organization in DeSoto County? __________



CAPITAL INVESTMENT:

    Amount of capital investment for project: Real Property - $________________
         Personal Property - $_________________
    Minimum capital investment to be met to be considered:

                  5-25 current FTE             $300,000
                  26+ current FTE              $500,000+


PROPERTY:

    Current square footage of building: ______________Square footage expansion ______________

    Building Owned ________ Leased ________          Length of Lease/Options _______________
    Leasees can qualify for personal property tax exemptions for the length of their
    real property lease, including options. Exemption cannot exceed 10 years.
LOCAL ECONOMY:

    Purchases planned or made locally for goods and services: _______________________________
    ______________________________________________________________________________
    ______________________________________________________________________________
    ______________________________________________________________________________
    ______________________________________________________________________________
TRANSPORTATION:

        Modes of shipping, receiving: _______________________________________________
        Highways used: _____________________________________

COMPANY OPERATIONS:

        Locally owned: _______           Division of Corporation: _______
        Type of Industry (SIC) Code ________
        Products produced ______________________________________________________________
        Products distributed _____________________________________________________________
        Other process (ie., Data and Information Processing, Back Office Operation) ________________
        ______________________________________________________________________________
        Market Area: ___________________________________________________________________
        Estimated Annual Sales: $_____________________
        Key site criteria driver(s) to locate/expand in DeSoto County: ____________________________
        ______________________________________________________________________________
        ______________________________________________________________________________

COMMUNITY INVOLVEMENT:
    Are you or do you plan to be a member both the DeSoto Council and respective municipal
    Chamber of Commerce? _______

        MEMBERSHIP DUES WILL BE REQUIRED TO BE KEPT CURRENT ANNUALLY.

     Are there any specific charitable organizations or causes that you or your corporate
     headquarters participate in and please list: ____________________________________________
     ______________________________________________________________________________
     ______________________________________________________________________________
FOREIGN TRADE ZONE (Applicable to DeSoto Trade Center site only):

        Will your company be pursuing an activation of the Foreign Trade Zone?

                _________Yes                              __________No

DeSoto County Tax Assessor's Oversight: According to State Statute 27-1-17, The County Tax Assessor may
require any person, firm or corporation having any person or persons in their employ, to deliver to him in his
official capacity a list of all such person or employees, showing the names, ages, sex, and residence, if such
information is available in the records of the reporting person, firm or corporation.


The applicant company accepts all responsibility for the preparation and timely filing of the ad valorem tax exemption
  and Freeport Warehouse application and respective board presentation and approval process at both the city and
    county level. The DeSoto Council only serves in an advisory role and thus accepts no responsibility in the tax
                                                  exemption process.
                                         AD VALOREM TAXES



                   Application of __________________________________________
                                 For exemption from ad valorem taxes for
                              A period of __________ years as authorized by
                Section 27-31-101, et seq., of the Mississippi Code of 1972, as amended.



(3) Originals TO THE     □    DeSoto County Board of Supervisors of DeSoto County, Mississippi


(3) Originals TO THE     □    Mayor and Board of Aldermen of Southaven, Mississippi



       1. _________________________________ files this application in triplicate for
exemption from ad valorem taxation, and respectfully represents unto this Honorable Board as
follows:
       2. Applicant, ______________________________ is a corporation and domiciled
in the City of ________________________, ______________ County, Mississippi.
       3. Applicant is now operating as a (specify type)______________________________
manufacturing/distribution type of industry within the City of __________________________,
____________ County, Mississippi, which factory is a bona fide (_____ new _____ expanded)
enterprise of public utility within the meaning of Section 27-31-101 et seq., and related Sections
of the Mississippi Code of 1972, as amended, and is eligible for the exemption granted by the
above mentioned section by specific enumeration, namely (manufacturing/distribution)
_________________________________________.
       4. That said enterprise was completed on the ________ day of ____________, 20_____,
within the meaning of the applicable statutes of the State of Mississippi, and therefore, the
exemption hereby claimed should commence on said date.
       5. That said (_____ new _____ expanded) enterprise will provide approximately _______
new jobs with an estimated annual payroll of $_______________________.
       6. That said exemption of the tangible property described in “Exhibit A” should be
granted for a period of ______ years from said date of completion.
       7. That the true value of all property to be exempted is ________________ dollars, as
shown in an itemized list attached hereto as “Exhibit A” and made a part hereof.
                                                PRAYER


WHEREFORE, Applicant prays that this Board enter a finding that applicant’s factory is in fact
a (_____new _____expanded) enterprise of public utility, and that the same was completed on
the _______day of ______________, 20______, within the meaning of the applicable laws of
Mississippi; and
       That applicant be granted an exemption from ad valorem taxation except State Mandated
General Levy, Education County Levy, Road and Bridge, and Debt Service; Municipal Parks and
Library taxes, as provided by law, for a period of _____years beginning on the _____day of
____________, 20______, upon all of the tangible property described in “Exhibition A” attached
hereto and made a part hereof, used in, or necessary to the operation of the applicant’s factory in
the City of Southaven, DeSoto County, Mississippi; and
       That this Board approve this application by an order resolution spread upon its minutes,
declaring that such property is exempt from all ad valorem taxation, except State Mandated General
Levy, Education County Levy, Road and Bridge, and Debt Service; Municipal Parks and Library taxes,
for a period of ______years and forward the original and three certified copies of this application and a
certified transcript of such approval to the Mississippi State Tax Commission and upon approval of such
application by the said Mississippi State Tax Commission and certification of its approval, the Board
will enter a final order on its minutes granting the exemption herein prayed.
       Respectfully submitted, this _____day of ___________, 20_____.




                                              ____________________________________
                                                          Applicant

                                              BY: ________________________________

                                                   ________________________________
                                                           Title



ATTEST: _________________________________
INSTRUCTIONS FOR FILING FREEPORT WAREHOUSE TAX EXEMPTION
          REQUESTS IN DESOTO COUNTY, MISSISSIPPI

 1. Applications for Freeport tax exemptions should be filed upon completion of your location or
    expansion. The exemption must be approved and license issued by the DeSoto County Board of
    Supervisors and municipal body in which the business is located prior to January 1 of the year in
    which the exemption is requested, with year end reports submitted to Tax Assessor office by
    March 31st.

    Documents included in this package to be completed and returned are:

                   Guidelines for Tax Advisory Committee
                   Application for Freeport Warehouse exemption
                   Application for DeSoto Council membership

 2. Please verify that your application is complete, appropriately signed and dated and includes the
    attachments. Please provide three (3) original signed copies addressed to the DeSoto County
    Board of Supervisors and three (3) original signed copies addressed to the Mayor and Board
    of Aldermen of the city where you are located. (See attached list.)

 3. Contact the DeSoto Council to assist in scheduling meetings with the appropriate governmental
    bodies and present the request. It is required that a company management representative be
    present when the request is presented to the Tax Advisory Committee, the DeSoto County Board
    of Supervisors and respective municipal board.


 4. If not currently a member of the DeSoto Council, a completed application form should be
    returned with exemption request.

 5. NOTE: The applicant will only file annual reports of inventory with the Tax Assessor indicating
    percentages of personal property consigned or transferred to the warehouse designated for
    shipment out of state. In the event that timely and accurate reporting including tax payments does
    not occur, the exemption may be revoked.



 6. The applicant company accepts all responsibility for the preparation and timely filing of
    the tax exemption license application and respective board presentation and approval
    process at the city, county, and state level. The DeSoto Council only serves in an advisory
    role and thus accepts no responsibility in the tax exemption process.



              If you have any questions, please contact Jim Flanagan at the DeSoto Council.
                           Telephone (662) 429-4414 or Fax (662) 429-0952
                  ROUTING OF TAX EXEMPTION REQUESTS:

Please forward three (3) signed originals to:

Mrs. Vanessa Lynchard
Director, Administrative Services
DeSoto County Board of Supervisors
365 Losher Street, Suite 300
Hernando, MS 38632
662-429-1462

AND, if you are located in one of the cities, please send three (3) signed originals to the City Clerk of the
appropriate municipality:

City of Hernando                                                City of Horn Lake
Mrs. Jannett Riley                                              Ms. Andrea Freeze
City Clerk                                                      3101 Goodman Rd W
475 W. Commerce Street                                          Horn lake, MS 38637
Hernando, MS 38632                                              662-393-6178
662-429-9092

City of Olive Branch                                            City of Southaven
Mr. Bryan Dye, Attorney                                         Mr. Mark Sorrell, Attorney
9200 Pigen Roost                                                8710 Northwest Drive
Olive Branch, MS 38654                                          Southaven, MS 38671
662-892-9229                                                    662-393-5931

Town of Walls
City Clerk
PO Box 35
Walls, MS 38680
662-781-1282

Send a copy of each application to the:

Tax Advisory Committee
DeSoto Council
316 W. Commerce Street
Hernando, MS 38632
662-429-4414
                                          Freeport Warehouse
                                      Application for License

Warehouse Name __________________________________________________________________

Location _________________________________________________________________________
             Street                        City              County


Mailing Address ___________________________________________________________________
Sole Owner                     Partnership                    Corporation                Other
(if partnership or corporation, give name, address, and title of partners or officers)


_____________________________________                         ___________________________________
              Name                                                        Title

______________________________________                        __________________________________
              Name                                                        Title

_____________________________________                         __________________________________
              Name                                                        Title


If corporation, organized under Laws of State of ______________________________________
When did you begin operating in Mississippi? ________________________________________




                                              -CERTIFICATE-
I CERTIFY:
   1.      The above named business ships personal property to a final destination outside the State of
           Mississippi during the calendar year
   2.      The above named business is qualified to make application for exemption


   _________________________________                   ______________________________        _________
      Signed                                                    Title                           Date




                                     Mail to: DeSoto County Tax Assessor
                                          365 Losher Street, Suite 100
                                             Hernando, MS 38632
                              DeSoto County Economic Development Council
                                    Membership Investment Schedule

Name: ______________________________________________________________________________________


Company: ___________________________________________________________________________________


Address (street): ______________________________________________________________________________


Address (mailing): ____________________________________________________________________________


City: _______________________________________              State: ________________        Zip: _________________


Phone: _____________________________________ Fax: ____________________________________________


E-Mail: ____________________________________________________________________________________


Signature: __________________________________________________________________________________


Title: ______________________________________________________________________________________




Member Investment Schedule                                                                 Annual Dues


Industrial (Basic rate plus $1 per employee)*                                $300 + $1 per employee



The DeSoto Council’s fiscal year is January 1 to December 31. Members will be notified at the end of the year of their
automatic renewal.

*Annual membership dues will be kept current to ensure the continued
 provision of property tax exemptions.

Please return to:   DeSoto Council
                    316 West Commerce Street
                    Hernando, MS 38632
                    Phone: 662-429-4414 Fax: 662-429-0952


                                         Thank You For Your Investment!

				
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