Posts Tagged ‘tax’

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 […] [...]

Officials vote for referendum on proposed lodging tax

HORN LAKE — Aldermen have approved a resolution confirming the Oct. 8 referendum date for a proposed hotel/motel tax levy designed to boost the city of Horn Lake’s tourism and economic development funds. The Commercial Appeal reports the board in August voted to hold a referendum on the proposed tax, which would place a $2 […] [...]

City to hike water rates, fees but not raise taxes

NATCHEZ — The city of Natchez may not be raising taxes, but an increase in water rates and inspection fees may be in residents’ futures. In an effort to prevent a city-wide tax increase, The Natchez Democrat reports Mayor Butch Brown and the board of aldermen discussed both issues during a work session yesterday. Aldermen […] [...]

City raises taxes, but avoids employee layoffs

HORN LAKE — Aldermen have approved a budget for fiscal 2014 that includes a 4-mill property tax increase but spares job cuts among city employees that had been contemplated. The spending plan for the year that begins Oct. 1 was approved 5-2 Tuesday during a brief meeting with no discussion. Aldermen Charlie Roberts and John […] [...]

City sees rise in both sales and tourism taxes

PHILADELPHIA — Sales tax collections rose 2 percent during the fiscal year that ended June 30 in Philadelphia. The Neshoba Democrat reports the city took in more than $3.8 million during the period from July 1, 2012 to June 30, 2013. The total was an increase of more than $72,000 from the previous year. Tourism […] [...]

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