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Daily Archives: April 1, 2014

Legislators pass new rules on methods of taxing out-of-state companies

By Ted Carter A bill to limit how and when the Mississippi Department of Revenue can use a market-based taxing method in calculating the tax bills of multistate businesses in the state passed the Legislature Tuesday morning. Legislators also put limits on the DOR’s authority to demand multistate companies provide combined tax returns. The DOR has insisted on authority to ...

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Texting ban likely on way to governor

 By Bobby Harrison/ Daily Journal Jackson Bureau JACKSON — The use of a hands-held cell phone to text or read or post on a social networking site while driving will be prohibitive under a proposal that passed both chambers of the Legislature. The proposal, which passed the 52-member Senate with three dissenting votes and 104-16 in the House on Tuesday, now ...

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National Donate Life Month celebration begins at UMMC

Special to the MBJ JACKSON, Mississippi – The Mississippi Organ Recovery Agency and University of Mississippi Medical Center teamed up on Tuesday to promote the start of National Donate Life Month. The highlight of the celebration was a ceremonial balloon release at noon to honor organ, eye and tissue donors from UMMC and celebrate the miracle of the organs transplanted ...

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Lawmakers pass new bill concerning DOR's tax collections

JACKSON — Lawmakers are moving ahead with changes to tax collections that the state Department of Revenue warns could ultimately cost Mississippi more than $100 million a year. Supporters, though, say the department’s tax collection powers put taxpayers at an unfair disadvantage, especially after a recent state Supreme Court decision. They also dispute whether the bill will decrease revenue by ...

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Commissioners want to review nuclear waste plan

JACKSON — Two members of the Public Service Commission say they want more time to study a resolution urging a stop to payments into a federal nuclear waste fund and a rejection of any plans to store or reprocess nuclear waste in Mississippi. Commissioner Brandon Presley sought immediate action today, but Commissioners Lynn Posey and Steve Renfroe said they wanted ...

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KiOR borrows $25M; avoids defaulting on loan

COLUMBUS — Alternative-fuel maker KiOR Inc. has borrowed enough money to keep operating through August. The Pasadena, Texas, company, which has a $225-million plant in Columbus, had warned last month that it had to raise more money for research and plant improvements. KiOR, in a stock filing today, said it had completed a deal to borrow $25 million from an ...

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Houston busisnessman buys Hattiesburg, Laurel Captain D’s

Houston businessman Michael Knobelock is purchasing Captain D’s corporate restaurants in Hattiesburg and Laurel as part of a deal that will include the multi-franchise owner building four new restaurants in Houston. Knobelock owns 47 Church’s Chickens, 21 Little Caesars units, three Sears Appliance and Hardware stores and a couple of independent restaurant concepts. The move by Captain D’s is part ...

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Hood Packaging wraps up acquisition from Wisconsin company

A Mississippi-based company is the new proud owner of a packaging operation. Bemis Company Inc. of Neenah, Wis., has completed the sale of its Paper Packaging Division. As previously announced, Bemis reached an agreement to sell its Paper Packaging Division to Hood Packaging Corporation, a privately-held company headquartered in Madison and Burlington, Ontario. Terms of the agreement were not disclosed.

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Ingalls awarded $497M contract to build another cutter

PASCAGOULA – U.S. Sen. Thad Cochran (R-Miss.) reports a $497-million military shipbuilding contract award to Ingalls Shipyard in Pascagoula to construct the seventh national security cutter (NSC 7) for the U.S. Coast Guard. Cochran said the Department of Homeland Security is amending an existing contract with Ingalls to provide FY2014 appropriations to construct NSC 7. Cochran serves on the Senate ...

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Another fiberhood meets C Spire's pre-registration criteria

RIDGELAND — C Spire reports that homeowner pre-registration exceeded the required threshold in a second area of the city of Ridgeland over the weekend — helping it qualify for the company’s 1 Gbps (Gigabit per second) fiber to the home Internet service and related digital TV and home phone services. Ridgeland’s Old Agency East fiberhood, which includes the Dinsmor and ...

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