Posts Tagged ‘Mississippi Department of Revenue’

State’s casinos took in more winnings in October

ACROSS MISSISSIPPI — A strong performance by Mississippi’s Gulf Coast casinos boosted gambling revenue to $167 million in October. The figure bested the $165.5 million lost by gamblers in October 2013. The 11 casinos in South Mississippi showed 9 percent jump in revenue — despite the closing of the Margaritaville Casino in Biloxi. Mississippi Department […] [...]

Will lawmakers debate tax cuts as election year looms?

JACKSON — Mississippi has state elections in 2015, and it’s a safe bet that lawmakers will try to endear themselves to voters by debating a tax cut. Gov. Phil Bryant and Lt. Gov. Tate Reeves are both seeking re-election, and they’re already reciting familiar Republican talking points by saying people should keep more of the […] [...]

State’s casinos saw another fall in revenue in August

ACROSS MISSISSIPPI — Mississippi casino revenue fell in August, with performance continuing to diverge between coastal and river regions. State Department of Revenue figures show casinos statewide won $175 million from gamblers in August, down 2 percent from $179 million in August 2013. The 12 coastal casinos won $94.1 million, up 5 percent from August […] [...]

S&P: State in top 10 in U.S. in sales tax dependency

ACROSS MISSISSIPPI — Mississippi is one of 10 states most reliant on sales taxes as a share of revenue, according to a new Standard & Poor’s report that says that such states may be particularly susceptible to an ever-widening income gap dragging down state tax revenues. Analysts with the credit rating agency believe rising inequality […] [...]

High Court declines to hear Equifax’s appeal of state tax ruling

WASHINGTON — The U.S. Supreme Court said today that it won’t hear an appeal from credit bureau Equifax Inc. involving what it considered an adverse tax ruling in Mississippi. The appeal was a reaction to a 2013 Mississippi Supreme Court decision that Equifax had to prove that it didn’t earn any taxable income in the […] [...]

City gives restaurants more time to serve alcohol

TUPELO — People will soon be able to buy alcoholic drinks until 1 a.m. every day in Tupelo. The city council approved the change in a 4-3 vote. New hours restaurants can serve alcohol approved by the council are from 10 a.m. until 1 a.m. each day. Current hours are 10 a.m. until midnight on […] [...]

Equifax takes tax dispute to U.S. Supreme Court

WASHINGTON  — Credit bureau Equifax Inc. is asking the U.S. Supreme Court to hear appeal from an adverse tax ruling in Mississippi. The appeal is a reaction to a 2013 Mississippi Supreme Court decision that Equifax had to prove that it didn’t earn any taxable income in the state. The state Department of Revenue examined […] [...]

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 […] [...]

Coast casinos’ revenues up, but riverboats continue to struggle

ACROSS MISSISSIPPI — Mississippi Gulf Coast casinos won a bit more from gamblers in February but that increase couldn’t overcome bigger revenue declines at casinos along the Mississippi River. Mississippi Department of Revenue figures show statewide casino revenue to $182 million in February, down fell 3 percent from 2013’s second month. Revenue has fallen in […] [...]

Supervisors reject tennis club’s resort status request

OXFORD — The Lafayette County Board for Supervisors has declined to endorse resort status for a tennis club that wants to serve alcohol. Barney Chadwick, general manager for the Goose Creek Club in Wellsgate, will now need to gather 100 signatures in support of the resort status from neighbors and submit his request to the […] [...]

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