Mississippi Business Journal » tax breaks

House passes tax break for newly licensed doctors

Associated Press — Tue, 27 Mar 2012 15:21:22 +0000

JACKSON — Some new physicians in Mississippi could get a tax break in another effort by the state to attract more doctors. The House passed the measure yesterday, 120-1. It would allow newly licensed physicians to not pay state income taxes on income exceeding $100,000 a year. The break from the 5 percent tax rate [...]

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House votes down bill allowing employees to receive tax breaks

Associated Press — Tue, 13 Mar 2012 14:45:15 +0000

JACKSON — The Mississippi House has rejected a bill to let businesses pass some tax breaks to individual employees. House Bill 1264 needed 71 votes, but only got 67. House Ways and Means chairman Jeff Smith says he plans to bring back the bill to try to pass it. Democrats objected to the expense, and [...]

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Resinall gets New Market investment for expansion

MBJ Staff — Tue, 13 Dec 2011 14:00:43 +0000

HATTIESBURG — Resinall Mississippi (Resinall) has completed a New Market Tax Credit (NMTC)-based investment. The New Markets Tax Credit program is run by the CDFI Fund under the Department of Treasury. MuniStrategies and SECDE Ventures were the two Mississippi-based New Markets allocatees that provided federal and state tax credit incentives to help finance this project. [...]

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Aldermen approve plans for proposed entertainment district

Associated Press — Mon, 21 Nov 2011 18:20:36 +0000

CORINTH — The city of Corinth could become another town in Mississippi to have a designated Arts and Entertainment District. The Daily Corinthian reports aldermen agreed last week to prepare a legal description of the district for the state to review. Aldermen hope to approve a final plan in January. The program allows a local [...]

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Aldermen extend tax-abatement ordinance

Associated Press — Wed, 06 Jul 2011 12:04:24 +0000

OCEAN SPRINGS — The Ocean Springs Board of Aldermen has unanimously decided to extend the city’s tax-abatement ordinance until June 30, 2013. The ordinance provides an incentive for businesses to develop along portions of U.S. 90 and in downtown. The board also directed the city’s Planning Commission to identify additional locations where the tax abatement [...]

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Senate passes tax break legislation

Associated Press — Wed, 10 Mar 2010 13:53:19 +0000

WASHINGTON — Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate today over protests from conservatives who say it adds too much to the $12.5-trillion national debt. But compassion for the jobless and the political power of an annual package of tax breaks is [...]

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