Posts Tagged ‘tax credit’

Nonprofit forms to get federal funds, tax credits for new hospital

by Associated Press Published: July 24,2012

Tags: construction, federal funding, health, health care, hospital, medical, medicine, nonprofit, tax credit

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 […] [...]

Lawmakers pass new income tax credit legislation

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 […] [...]

Read the Feb. 13 issue of the MBJ online

 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 […] [...]

Tax credit ‘pass-through’ part of Hosemann’s business legislation proposals

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 […] [...]

Cut-and-sew bill signed into law

by Associated Press Published: March 29,2010

Tags: apparel, manufacturing, tax credit, textiles

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 […] [...]

Lawmakers pass cut-and-sew bill

by Associated Press Published: March 14,2010

Tags: apparel industry, Legislature, manufacturing, tax credit, textile industry

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 […] [...]

Inventory/franchise tax may falls between cracks again

by Clay Chandler Published: February 1,2010

Tags: franchise tax, Inventory tax, Legislature, tax credit

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.  […] [...]

Tax credit expected to hurt home sales

by Associated Press Published: January 25,2010

Tags: housing crisis, recession, tax credit

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. […] [...]

Extended benefits bill passes Senate

by Wally Northway Published: November 5,2009

Tags: federal government, housing crisis, recession, tax credit, unemployment benefits

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 […] [...]

Tax credit deadline

by Wally Northway Published: August 31,2009

Tags: ARRA, tax credit

  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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