Legislation could mean higher state corporate income taxes
by Associated Press Published: March 2,2012
Tags: bill, income taxes, law, lawmakers, legislation, legislative branch, Legislature, loopholes, state government, taxes
JACKSON — Corporations could end up paying around $30 million more in income taxes under changes to the tax code approved yesterday by the Mississippi House Ways and Means Committee. But it’s not a tax increase, said Rep. Jerry Turner, R-Baldwyn, who helped shepherd the bill in committee. “As this income is made off the [...] [...]
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