27-31-5 - Little theatre property. - Mississippi Statutes

§ 27-31-5. Little theatre property.
 

All real and personal property, excepting motor vehicles, owned by incorporated or unincorporated little theatres which promote the dramatic arts and are created as or for a literary institution, a civic improvement society, or for fraternal and benevolent purposes, shall be and the same is hereby exempt from ad valorem taxation, both state, county and municipal; provided, however, that this section shall not apply to such little theatre organizations which are operated as profit-making institutions or organizations. 
 

Sources: Codes, 1942, § 9697.5; Laws,  1956, ch. 426; Laws, 1978, ch. 514, § 2, eff from and after July 1, 1978.