PHILADELPHIA — A nonprofit organization has been formed to obtain federal funding and tax credits for about a third of the cost of the new $19 million Neshoba County Hospital now under construction. Officials tell the Neshoba Democrat the governments and for-profit entities do not qualify for the federal funding being sought by the Neshoba [...] [...]
by Associated Press Published: May 1,2012
Tags: bills, executive, governor, income tax, lawmakers, laws, legislation, legislators, Legislature, state government, tax credit, taxes
JACKSON — A bill to give businesses a larger income tax credit when they pay inventory taxes is headed to Mississippi Gov. Phil Bryant. The final version of Senate Bill 2934 passed the Senate yesterday, two days after clearing the House. The bill would increase the tax credit in phases. First, it would double the [...] [...]
In this week’s MBJ — HIGH EXPECTATIONS: USM expects to break ground on new college of business this summer. By Ted Carter Also in this week’s paper: >> Flexible education: Advocates want wiggle room in charter school bill — by Amy McCullough >> KIPP in Mississippi?: Charter schools sytem have a proven track record [...] [...]
One piece of Secretary of State Delbert Hosemann’s legislative bundle seeks to wring more use out of a jobs tax credit the state makes available to business start-ups in Mississippi. What the bill would do is allow for an employee “pass-through” of a jobs tax credit that currently benefits only business owners. “What it does [...] [...]
JACKSON — Gov. Haley Barbour has signed a bill that would provide furniture manufacturers a $2,000 tax credit for new cut-and-sew workers. Supporters of the bill say it will help keep jobs in the state. Many of those jobs have been lost to foreign countries where the labor costs are cheaper. Supporters say the tax [...] [...]
JACKSON — The state Senate has passed a bill to provide help to the cut-and-sew industry in Mississippi. The bill, passed March 11, would provide a $2,000 tax credit for each new cut-and-sew employee hired in the ailing furniture industry. The legislation now goes back to the House for consideration of Senate changes. Supporters of [...] [...]
Tax credit would equal 10 percent of the total inventory tax a business pays if general fund grows 5 percent For the past several legislative sessions, sitting at or near the top of almost every business association and trade group’s list of priorities has been the elimination of the inventory tax and the franchise tax. [...] [...]
WASHINGTON — Last month’s sales of previously occupied homes are expected to be down sharply from November after prospective buyers were granted more time to take advantage of a tax credit. Buyers last month were no longer scrambling to qualify for a tax credit for first-time homeowners that was due to expire on Nov. 30. [...] [...]
WASHINGTON — Sen. Thad Cochran (R-Miss.) has voted for legislation that would allow the State of Mississippi to offer an additional 20 weeks of unemployment benefits to jobless workers. The Senate approved (98-0) the Unemployment Compensation Extension Act of 2009 (HR.3548), which in addition to extending unemployment benefits will also extend and expand an expiring [...] [...]
By all measures, the $8,000 first-time homebuyer’s tax credit provided under the American Recovery and Reinvestment Act (ARRA) has been just the medicine the ailing housing sector needed. The pace of existing home sales in the U.S. in July was the fastest in nearly two years. And, production and permitting for new single-family homes [...] [...]
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