Posts Tagged ‘tax’

Section 42 ruling to impact tax collections on Coast

MISSISSIPPI GULF COAST — A recent state Supreme Court ruling is expected to cost Coast counties, cities and schools more than $6 million in tax revenue. That’s according to Mississippi Coast tax assessors. The ruling pertains to how counties calculate the value of Section 42 or federally subsidized tax-credit housing for tax purposes. The Sun […] [...]

Supervisor wants marketing, branding campaign

JACKSON — Hinds County Supervisor Kenneth Stokes wants to pay a Jackson-based company $25,000 to create a marketing and branding campaign, even though the Hinds County Economic Development Authority is providing that same service. The Clarion-Ledger reports Stokes asked the Hinds County Board of Supervisors yesterday to approve a contract to market the county with […] [...]

Government asks court to bar tax preparer

DURANT — The federal government has asked a Mississippi court to permanently bar a woman from preparing federal income tax returns for others. The U.S. Justice Department says in a news release that Danee Aikens prepared federal income tax returns under the name “Comprotax Service” from an office in Durant. The complaint alleges that Aikens […] [...]

Voters approve new lodging tax in Horn Lake; turn out low

HORN LAKE — Horn Lake voters handily approved a $2-per-night tax on hotel and motel stays, providing a financial boost that city officials will use to promote economic development. According to complete but unofficial totals, the proposed tax got 415 favorable votes, or 91.4 percent, compared to 39 votes, or 8.6 percent, against it. As […] [...]

State’s tax collections come in well over outlook

ACROSS MISSISSIPPI — Mississippi tax collections for the first quarter of the state’s fiscal year — July through August — are 5.9 percent above the estimate and $124.3 million, or 12.1 percent, above what was collected during the same period a year ago. The estimate — made by legislative leaders upon advice of the state’s […] [...]

Officials hopeful voters will vote in new lodging tax

HORN LAKE — Horn Lake officials are hoping voters will turn out in significant numbers tomorrow to approve a hotel-motel tax designed to generate revenue to promote the city. The proposal calls for a $2-per-night tax on all hotel and motel stays within the city limits, potentially generating thousands of dollars a year that would […] [...]

Another financial plan for proposed mall earns approval

SOUTHAVEN — A new financing plan has surfaced to pay for roads, water and sewer for a proposed outlet mall to be built in Southaven. The Commercial Appeal reports Southaven Board of Aldermen and the DeSoto County Board of Supervisors agreed last year to a $15-million tax increment financing plan to offset the costs of […] [...]

Mississippi Power to account for repayment if Kemper plant construction runs long

KEMPER COUNTY — If Mississippi Power Co. misses a May deadline to complete construction of a $4.3-billion power plant in Kemper County, it will be forced to repay $133 million in federal tax credits. However, the company says that because of accounting rules, it wouldn’t write the amount off from profit and wouldn’t add it […] [...]

Fate of new market tax credits rests with Congress

by Published: September 27,2013

Tags: Business, credits, Mississippi, tax

» Credits have brought nearly $300 million in investment to Mississippi since 2000   Hailed as an immensely valuable tool for Mississippi developers to use to cut project costs, new market tax credits could die at the end of the year – or they could live on as a permanent part of the U.S. tax […] [...]

Hearings at end, lawmakers start to craft budget

JACKSON — Now that budget hearings are over, Mississippi lawmakers face a long process of deciding how to spend tax dollars for fiscal 2015, which begins July 1. The 14 members of the Joint Legislative Budget Committee held four days of public hearings last week and quizzed agency leaders about how money is already being […] [...]

« Previous Page Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments