Mississippi Business Journal » Sales Tax

Survey: State lost $616.5M in online sales taxes over last five years

Associated Press — Thu, 25 Apr 2013 11:15:36 +0000

ACROSS MISSISSIPPI — Mississippi lost at least $616.5 million in online sales tax collections during the five-year period from 2007 until 2012, a survey says. Mississippi and other states could soon have the option to collect sales taxes on Internet purchases if the U.S. Senate approves, as expected, the Marketplace Fairness Act, legislation that would [...]

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City faces shortfall as tax collections continue to decline

Associated Press — Mon, 01 Apr 2013 11:50:10 +0000

COLUMBUS — Sales tax collections continue to lag behind last year’s revenue, raising questions about whether the city will have to amend its budget or dip into reserves to make up the difference. The Commercial Dispatch reports January revenue was reported at about $626,000, a drop of more than $24,000 from the same period in [...]

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Municipal sales tax option legislation dies

Associated Press — Thu, 28 Feb 2013 12:20:53 +0000

JACKSON — Mississippi lawmakers have ignored, and killed, two bills that would have allowed cities to impose a local sales tax. Under the bills that died yesterday, cities could have held elections to see if citizens approved of an additional 1 percent tax for specific capital projects. If at least 60 percent of voters said [...]

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House passes bill exempting sales tax on power, gasoline

Associated Press — Tue, 26 Feb 2013 12:47:28 +0000

JACKSON — Factory operators, farmers and fishermen could stop paying sales taxes on electricity and fuel, under a state House proposal. Representatives passed House Bill 844 by a 75-43 vote yesterday to exempt those groups from a 1.5 percent sales tax on fuel used in producing those industries’ products. It now goes to the Senate [...]

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Municipal officials still hoping for local sales tax option

Associated Press — Wed, 06 Feb 2013 13:31:37 +0000

JACKSON — A Mississippi House committee has given municipal officials what they’ve wanted for more than 20 years — a chance at passage of a local options sales tax. The House Ways and Means Committee yesterday approved a bill for a 1 percent local sales tax as a way to build parks, improve water systems [...]

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Communities want to set local sales tax, not Legislature

Associated Press — Thu, 31 Jan 2013 13:18:32 +0000

ACROSS MISSISSIPPI — Municipal officials are again proposing a 1 percent local sales tax as a way to build parks, improve water systems and get crumbling streets back into shape. They need a change in state law to move forward. Legislators have resisted local tax proposals for years, and it’s not clear whether 2013 will [...]

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Town to use sales tax collections to pay off loan from state

Associated Press — Mon, 15 Oct 2012 11:29:54 +0000

SUMMIT — The Summit Town Council has agreed to divert more than $7,000 in monthly sales tax revenues to pay off a $1.4-million debt to the Mississippi Department of Environmental Quality, which is bankrolling the town’s new wastewater treatment facility. Town Clerk Pat Whittington tells the Enterprise-Journal DEQ officials stipulated in their loan agreement with [...]

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Sales tax group offers rundown of simplified collection procedures

Clay Chandler — Mon, 15 Oct 2012 06:01:09 +0000

One of the study groups Secretary of State Delbert Hosemann assembles annually to kick around business law reform ideas recently got the ins and outs of sales tax simplification procedures, including the mechanisms behind collecting sales taxes charged by out-of-state retailers. Two bills are circulating through Congress that would give states the authority to collect [...]

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Revenue Department puts lien on Delta civic center

Associated Press — Thu, 09 Aug 2012 15:25:47 +0000

GREENWOOD — The Mississippi Department of Revenue has put a $14,182 lien on a Leflore County Civic Center bank account based on allegations the center didn’t pay sales taxes. The Greenwood Commonwealth reports the Leflore County Board of Supervisors, which owns the Civic Center, unanimously voted to appeal the lien. The Civic Center’s director says [...]

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Retailers across the state gearing up for annual Sales Tax Holiday

Associated Press — Wed, 25 Jul 2012 20:45:14 +0000

ACROSS MISSISSIPPI — Mississippi’s annual sales tax holiday begins at 12:01 a.m. Friday and ends at midnight Saturday. Mississippi retailers are gearing up for one of their busiest times of the year. Department of Revenue spokeswoman Kathy Waterbury says nothing has changed from previous years in which shoppers can save 7 percent on certain clothes [...]

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