The impact of taxes was mentioned, but not addressed last week in the first of several legislative hearings on the ramifications of proposed deregulation of the electricity industry in Mississippi.
Under state law, public utilities pay a larger portion of ad valorem taxes than the private sector. Utilities are taxed at 33%; businesses are taxed at 15%.
Ad valorem is just one of many tax issues that need to be addressed by the Legislature, said Public Service Commissioner Nielsen Cochran.
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