Posts Tagged ‘tax’

City leaders craft cost-cutting budget with no tax increase

JACKSON — Mayor Tony Yarber and his team have devised a financial plan that he says will reduce city of Jackson spending by $110 million without any tax hike. Yarber outlined about his proposed budget with city council members yesterday. The budget is nearly a 22 percent decrease from fiscal year 2014. The total budget […] [...]

Court ruling on Section 42 leaves taxpayers on hook for tax repayments

JACKSON — While some 14 Mississippi counties owe Section 42 housing developers millions in over-charged taxes, Hinds County’s taxpayers are not exposed to such refunds as the tax assessor has levied assessments according to the state law. Tax Assessor Charles Stokes said Hinds County taxpayers can rest assured his office has calculated property taxes appropriately. […] [...]

Tupelo schools adopt budget calling for raises without tax increase

TUPELO — The Tupelo School Board has adopted a budget that includes a 2 percent cost-of-living pay raise for all non-teaching staff, including principals, assistant principals, secretaries, custodians, bus drivers and maintenance workers. Teachers are already scheduled to get a raise approved by state legislators, and the school board previously approved one for assistant teachers. […] [...]

State’s tax collections grew 5 percent last budget year

JACKSON — Mississippi tax collections continued growing strongly in the just-concluded budget year, posting another year of 5 percent growth and ensuring that money will be available to help improve local roads and bridges. State Department of Revenue figures show general fund tax receipts grew to a record $5.25 billion in the 2014 budget year, […] [...]

High Court declines to hear Equifax’s appeal of state tax ruling

WASHINGTON — The U.S. Supreme Court said today that it won’t hear an appeal from credit bureau Equifax Inc. involving what it considered an adverse tax ruling in Mississippi. The appeal was a reaction to a 2013 Mississippi Supreme Court decision that Equifax had to prove that it didn’t earn any taxable income in the […] [...]

Equifax appeals tax ruling to U.S. Supreme Court

WASHINGTON — The U.S. Supreme Court will consider June 26 whether to hear an appeal from credit bureau Equifax Inc. from what is considers an adverse tax ruling in Mississippi. Court officials say a decision could be announced shortly after the court conference. The appeal is a reaction to a 2013 Mississippi Supreme Court decision […] [...]

Waveland businessman guilty of failing to file taxes

WAVELAND — A Mississippi vendor for the Orleans Parish Sheriff’s Office in Louisiana has pleaded guilty to failing to file taxes. U.S. Attorney Kenneth Polite Jr. says 36-year-old Kendall O. Marquar, of Waveland, entered the plea Tuesday before U.S. Magistrate Judge Sally Shushan to one count of willfully failing to file taxes. According to court […] [...]

JOHN SCOTT — A strong statement that sends a message

by Published: May 30,2014

Tags: Business, column, law, Mississippi, tax

I n the last few weeks, there have been several noteworthy developments in the tax world that have broad practical and policy application and merit further discussion because of their impact on taxpayers and our tax system overall. First, let’s start with the health care law and its raft of new taxes. The recent announcement […] [...]

Study: Mississippi has highest sales tax rate in U.S.

by Published: April 16,2014

Tags: John Minassian, Sales Tax, sales tax rate, study, tax, Vertex Inc.

BERWYN, Pa. — According to the yearly sales tax rate study issued today by Vertex Inc., the number of sales and use tax rate changes in the U.S. for year 2013 was 609, up significantly from 2012 when there were 463 changes. The study found that Mississippi, along with Indiana, New Jersey, Rhode Island and […] [...]

Lawmakers pass new bill concerning DOR’s tax collections

JACKSON — Lawmakers are moving ahead with changes to tax collections that the state Department of Revenue warns could ultimately cost Mississippi more than $100 million a year. Supporters, though, say the department’s tax collection powers put taxpayers at an unfair disadvantage, especially after a recent state Supreme Court decision. They also dispute whether the […] [...]

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