Home » NEWS » Lawmakers pass new bill concerning DOR's tax collections

Lawmakers pass new bill concerning DOR's tax collections

tax ill picJACKSON — 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 as much as the collection agency says that it will.

The House and Senate passed House Bill 799 today by large margins, sending it to Gov. Phil Bryant for his consideration.

While some parts of the bill have been compromised on, the key part of the bill could still make it harder for the state to rule that multistate corporations are paying too little in taxes to Mississippi.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

One comment

Leave a Reply

Your email address will not be published. Required fields are marked *

*