Posts Tagged ‘Legislature’

BOBBY HARRISON: More money found, but members gave away the right to appropriate

by MBJ Staff Published: March 31,2014

Tags: Business, education, Legislature, Mississippi, Politics

By Bobby Harrison The Mississippi Legislature has nearly $250 million more to spend than when House and Senate members passed their respective budget proposals earlier this session. Yet, most of the rank-and-file members of the House and Senate will have limited ability in saying how those funds are spent. On the opening days of the […] [...]

Business inventory tax, proclaimed as a jobs creation tool, projected to cost state $7M this year, then $126M in FY 2017

by Ted Carter Published: March 28,2014

Tags: Business, Legislature, Mississippi, money, Politics, taxes

With fiscal 2014′s arrival, Mississippi’s businesses can begin enjoying the rewards of a hard-fought victory achieved in 2012 with passage of a phased-in state income tax credits for businesses that pay inventory taxes to cities and counties. Legislative wrangling ended with establishing the tax credits in place of an actual end to the inventory tax, […] [...]

Miss. lawmakers competing in charity cook-off

by Ross Reily Published: March 17,2014

Tags: Business, cooking, Legislature, Mississippi

JACKSON — Mississippi lawmakers are competing in a barbecue-versus-catfish cook-off to raise money for veterans’ groups. The competition takes place from 5 to 7 p.m. Monday at the Mississippi Farmers Market near the state fairgrounds in downtown Jackson. It’s open to the public. Two senators who own restaurants, Democrat Willie Simmons of Cleveland and Republican […] [...]

Big job ahead for state economists in assessing business incentives

by Ted Carter Published: March 7,2014

Tags: Business, JACKSON, Legislature, Mississippi, Politics

The University Research Center and its economists are accustomed to analyzing the effectiveness of incentives for specific economic development projects. They are about to enter some more challenging analysis territory. The Legislature is on the verge of requiring periodic evaluations of the value of tax credits, sales tax rebates and other incentives the Mississippi Development […] [...]

Bills requiring evaluation of incentives make progress

by Ted Carter Published: March 7,2014

Tags: Business, Legislature, Mississippi, Politics

House and Senate bills that mandate evaluations of the return Mississippi gets on its tax credits, sales tax rebates and other economic development incentives have passed their respective bodies unanimously and now await conference committee action. The idea is to gauge how well they create jobs and other economic benefits in exchange for the costs […] [...]

Bill’s demise ends state sales tax rebates for retail development

by Ted Carter Published: February 21,2014

Tags: Business, economic development, economy, Legislature, Mississippi

Mississippi’s tourism tax development incentives failed to gain enough legislative support for renewal last week and will expire July 1, ending the state’s practice of awarding tens of millions of dollars as incentives for development of shopping malls and retail plazas. The Mississippi Development Authority so far has awarded up to $155 million in potential […] [...]

Quitman legislator still carrying banner for abolishing business inventory tax

by Ted Carter Published: February 17,2014

Tags: Business, Legislature, Mississippi, tax

State Rep. William Shirley, owner of the Family Fish Camp restaurant in Quitman, expects he’ll be doing the same thing next year he’s doing this year: continuing his lonely campaign for phasing out Mississippi’s business inventory tax. Elected in 2011, the Republican representative for District 84 has introduced an inventory ad valorem tax phase out […] [...]

PHIL HARDWICK: A year-end quiz

by Phil Hardwick Published: December 6,2013

Tags: education, finance, Legislature, Mississippi, Politics

Soon it will be a new year, a time when individuals and organizations of all type look ahead and ponder what their goals will be for the coming year. Before doing so, it is a good idea to take stock of where we are now. In this column we will do that by reviewing a […] [...]

Alison Premo Black tells road builders ‘Congress must act’

by Wally Northway Published: December 6,2013

Tags: Business, highways, Legislature, Mississippi, roads

During the ongoing debate over adequate funding for road and bridge maintenance here in Mississippi, the state’s road builders have pointed to other states and their success in addressing funding shortfalls. The Mississippi Road Builders Association has been asking — if they can do it, why not the Magnolia State? At its Membership Luncheon held […] [...]

Transportation study group leader proposes $700M tax for roads, bridges

JACKSON — The leader of a Senate transportation study committee proposes the state should levy $700 million in new taxes to support road maintenance as well as some other non-transportation related projects. Sen. Willie Simmons, D-Cleveland, said yesterday that the proposal, which would be the largest state tax increase in more than 20 years, is […] [...]

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