Mississippi Business Journal » tax break

Study says Nissan subsidies total $1.33B; MDA says overestimated

Associated Press — Fri, 17 May 2013 14:55:14 +0000

CANTON — A study paid for by the United Auto Workers finds state and local governments may provide Nissan Motor Co.’s Mississippi plant with nearly $850 million in tax breaks over 30 years, plus $400 million in cash aid. The report estimates Mississippi will pay $90 million in interest on money borrowed to aid Nissan, [...]

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House passes numerous bills offering business tax breaks

Associated Press — Wed, 27 Feb 2013 13:19:22 +0000

JACKSON — The Mississippi House has approved tens of millions of dollars’ worth of tax breaks for businesses, but it’s unclear if the proposals will survive the Senate. A top budget writer, House Appropriations Committee Chairman Herb Frierson, estimated yesterday that the proposed tax breaks would be worth at least $50 million a year and [...]

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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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City officials offer tax breaks to two companies

Associated Press — Thu, 21 Feb 2013 13:02:22 +0000

SOUTHAVEN — Southaven has approved 10-year tax exemptions for two companies that will bring jobs to the city. The Commercial Appeal reports EXCEL and Creedence Holdings, doing business in the city as West Coast Novelty, received unanimous approval from the seven-member Board of Aldermen. Mayor Greg Davis said EXCEL would bring 127 jobs to the [...]

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Mall developers just Bryant’s signature away from tax break

Associated Press — Tue, 19 Feb 2013 12:35:44 +0000

PEARL — The Mississippi House has given final approval to a bill that would provide sales tax rebates to the developer of an $80-million outlet mall scheduled to open in November in Pearl. Senate Bill 2806 passed the House 93-22 and heads to Republican Gov. Phil Bryant. It passed the Senate earlier. The bill would [...]

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Company wants tax breaks to redevelop LeTourneau site

Associated Press — Thu, 13 Dec 2012 14:06:57 +0000

VICKSBURG — A company that proposes to redevelop the former LeTourneau Technologies site says it needs a tax exemption on up to $41 million in equipment and buildings. A representative for Cameron International Corp., the Houston-based oil services company that bought the LeTourneau yard in 2011, told Warren County supervisors Monday the company plans to [...]

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Supervisors vote to give tax break for Hard Rock expansion

Associated Press — Tue, 07 Aug 2012 20:34:22 +0000

BILOXI — Harrison County supervisors have approved a tax break for Hard Rock Casino Biloxi’s hotel expansion. The Sun Herald reports supervisors unanimously agreed to a seven-year county ad valorem tax exemption for improvements related to Hard Rock Casino’s planned expansion, which involves a new 12-story hotel tower worth $32 million. The exemption doesn’t apply [...]

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City council approves tax incentive for new Hard Rock hotel

Associated Press — Wed, 25 Jul 2012 16:13:20 +0000

BILOXI — The Biloxi City Council has authorized a seven-year tourism tax incentive for a new hotel tower at Hard Rock Casino Biloxi. The Sun Herald reports the incentive means the hotel will pay no ad valorem tax on the improved value for the seven-year period. The tower will be built north of the swimming [...]

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Supervisors deny tax exemption to GCP Laboratories

Associated Press — Tue, 13 Mar 2012 14:44:36 +0000

GULFPORT — Harrison County supervisors have voted 3-2 to deny a Gulfport business a five-year tax exemption. Board members who voted against the resolution yesterday said because it is not a new business, the county would lose money by allowing the exemption. Bill Hessell of the Harrison County Development Commission tells The Sun Herald GCP [...]

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Supervisors approve tax break for DuPont plant

Associated Press — Tue, 04 Oct 2011 16:24:12 +0000

DELISLE — Harrison County Supervisors have agreed to give DuPont a $250,000 annual property tax exemption if the company invests $45 million into its operations near DeLisle. The Sun Herald reports the tax waiver would be good for five years and it would mean a tax savings of about $250,000 annually if the company makes [...]

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