Mississippi Business Journal » tax credit

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

Associated Press — Tue, 24 Jul 2012 15:00:30 +0000

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 [...]

The post Nonprofit forms to get federal funds, tax credits for new hospital appeared first on Mississippi Business Journal.

Lawmakers pass new income tax credit legislation

Associated Press — Tue, 01 May 2012 15:32:50 +0000

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 [...]

The post Lawmakers pass new income tax credit legislation appeared first on Mississippi Business Journal.

Read the Feb. 13 issue of the MBJ online

MBJ Staff — Tue, 14 Feb 2012 15:47:27 +0000

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 [...]

The post Read the Feb. 13 issue of the MBJ online appeared first on Mississippi Business Journal.

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

Clay Chandler — Sun, 15 Jan 2012 06:00:05 +0000

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 [...]

The post Tax credit ‘pass-through’ part of Hosemann’s business legislation proposals appeared first on Mississippi Business Journal.

Cut-and-sew bill signed into law

Associated Press — Mon, 29 Mar 2010 11:27:47 +0000

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 [...]

The post Cut-and-sew bill signed into law appeared first on Mississippi Business Journal.

Lawmakers pass cut-and-sew bill

Associated Press — Sun, 14 Mar 2010 23:54:44 +0000

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 [...]

The post Lawmakers pass cut-and-sew bill appeared first on Mississippi Business Journal.

Inventory/franchise tax may falls between cracks again

Clay Chandler — Mon, 01 Feb 2010 06:01:57 +0000

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. [...]

The post Inventory/franchise tax may falls between cracks again appeared first on Mississippi Business Journal.

Tax credit expected to hurt home sales

Associated Press — Mon, 25 Jan 2010 13:42:30 +0000

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. [...]

The post Tax credit expected to hurt home sales appeared first on Mississippi Business Journal.

Extended benefits bill passes Senate

Wally Northway — Thu, 05 Nov 2009 17:21:12 +0000

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 [...]

The post Extended benefits bill passes Senate appeared first on Mississippi Business Journal.

Tax credit deadline

Wally Northway — Mon, 31 Aug 2009 05:01:46 +0000

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 [...]

The post Tax credit deadline appeared first on Mississippi Business Journal.