Posts Tagged ‘tax’

Lumber processor awarded tax exemption

by Published: February 5,2014

Tags: Anderson-Tully Co., exemption, free port, incentive, lumber, tax

VICKSBURG — Anderson-Tully Co. will see an $826,869 drop in taxes after the company was given a “free port warehouse” exemption. Since 2003, the state has allowed counties to phase out the property tax levied on goods shipped out of state. The phase-in would be over 10 years to reduce the impact of the loss […] [...]

County loses revenue from pipeline, Section 42 housing

PASCAGOULA — Jackson County is taking an unexpected hit in revenue with a recent drop in the assessed value of a major pipeline and a loss in tax revenue from federally subsidized housing. The Sun Herald reports a state tax appeals board ruled in favor of the owners of the Destin Pipeline, and lowered its […] [...]

Lawmakers pass bills to increase corporate tax breaks

JACKSON — Businesses could be in line for more incentives in Mississippi, in addition to the more than $100 million in new tax breaks the Legislature has passed over the past two years. The House Ways and Means Committee passed three bills yesterday that would increase the use of corporate-income-tax breaks for companies that relocate […] [...]

MDA offering tax incentives to outlet mall developers

SOUTHAVEN — After four years on the drawing board, the Outlet Shops of the Mid-South is moving a closer to reality with approval of $33.9 million in state subsidies. State officials say the Mississippi Development Authority approved developers’ application for sales tax incentives. Jeff Rent, a spokesman with the MDA office in Jackson, tells The […] [...]

City leaders want extension of tourism tax

SOUTHAVEN — The city of Southaven’s 1-cent tourism tax on restaurant tabs is set to expire this year, and officials are working to stop that from happening. The Commercial Appeals reports the Board of Aldermen this week unanimously passed a resolution asking that the Mississippi Legislature to remove the repealer clause that would cause the […] [...]

County gives 10-year tax break to Aurora Flight Sciences

COLUMBUS — Lowndes County has given Aurora Flight Sciences a 10-year property tax exemption for its investment in the final expansion of its facility. Without the exemption, the unmanned aircraft manufacturer would have paid $9 million to the county in taxes through the next decade. The amount equals what Aurora invested in a 30,000-square-foot addition […] [...]

Supervisors call meeting to discuss Section 42 housing tax dispute

MCCOMB — Pike County supervisors want to meet with owners of Section 42 housing to settle a tax dispute that could cost the county thousands of dollars. Section 42 is housing, low-income apartment complexes whose developers get tax credits for building them. For years counties factored in the tax credits when calculating the apartments’ income […] [...]

C Spire breaking ground for new data center

STARKVILLE — C Spire has scheduled a ground-breaking ceremony today for a new data center in Starkville. Ridgeland-based C Spire plans complete construction on the first phase in November 2014, when customers would begin using the center. Mississippi State University’s Thad Cochran Research Park will host the 22,400-square-foot first phase. Two more phases are planned. […] [...]

City to take out loan in anticipation of tax collections

NATCHEZ — The Natchez Board of Aldermen voted to take out up to $600,000 in tax-anticipation loan funds to cover mainly payroll expenses until expected tax revenue is collected. The Natchez Democrat reports City Clerk Donnie Holloway told the board yesterday the city needs the funding because the city is currently paying two health insurance […] [...]

Lawmakers could rethink law on delinquent taxes

JACKSON — State law currently requires the Mississippi Department of Revenue to garnish 100 percent of the wages of a government official or employee should that person become delinquent in paying taxes. Going back to September 2011, a legislative watchdog group recommended the law be changed to allow garnishment of 25 percent to 100 percent […] [...]

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