Posts Tagged ‘taxes’

Tourism group asks Jackson County for room tax

PASCAGOULA — The Mississippi Gulf Coast Convention and Visitors Bureau has asked Jackson County supervisors for a 2 percent nightly occupancy tax on hotel rooms to support tourism. Harrison and Hancock counties have heads-on-beds taxes in place that raise money to support the Mississippi Gulf Coast Regional Convention and Visitors Bureau. Jackson County does not. […] [...]

Department of Revenue workers moving from tin shed into modern new home over the 4th Weekend

by Published: June 13,2014

Tags: Business, Clinton, MEC, Mississippi, Phil Bryant, Phil Gunn, taxes

Perhaps never in the history of Mississippi government will saying goodbye to a longtime home be as joyful as the July 4th weekend departure of the state Department of Revenue from its tin warehouse off Springridge Road in Raymond. Snakes and birds, soot from a long ago fire and rain water from below walls and […] [...]

It’s a taxing season for CPA firms

by Published: April 7,2014

Tags: banking, Business, finance, Mississippi, taxes

With less than two weeks left before tax filing deadline, CPA offices across Mississippi are feeling the crush. These pros, however, have learned to cope with the yearly pressures of tax season. They also took time to discuss changes and trends they’ve observed this year. Jessica Cooley with the Jackson metro area firm of GranthamPoole […] [...]

JOHN SCOTT: Tax code, meet today’s reality

by Published: April 7,2014

Tags: Business, column, finances, Mississippi, taxes

As springtime blooms and a seemingly never-ending winter fades, a noteworthy but broadly overlooked set of tax proposals was released by the House Ways and Means Committee in Washington. These serve as an opening bid on how Republicans view the future of the Internal Revenue Code. They are interesting as much for what they say […] [...]

State to end sales tax on interest paid on store-financed merchandise

by Published: April 7,2014

Tags: Business, government, Mississippi, Politics, taxes

Toting the note just got easier for Mississippi car dealers and other merchants who finance their customers’ purchases. Gov. Phil Bryant’s signing of House Bill 260 Tuesday puts a July 1 end to sales taxes on interest and other finance charges at buy-here-pay-here retail locations, including auto dealerships and furniture and appliance stores that arrange […] [...]

DOR: State’s general fund stands to lose more than $100 million annually through the new tax apportionment rules

by Published: April 7,2014

Tags: Business, finances, government, Mississippi, money, Politics, taxes

A bill to limit how and when the Mississippi Department of Revenue can use a market-based taxing method in calculating the tax bills of multistate businesses in the state passed the Legislature Tuesday morning. Legislators also put limits on the DOR’s authority to demand multistate companies provide combined tax returns. The DOR has insisted on […] [...]

Business inventory tax, proclaimed as a jobs creation tool, projected to cost state $7M this year, then $126M in FY 2017

by Published: March 28,2014

Tags: Business, Legislature, Mississippi, money, Politics, taxes

With fiscal 2014’s arrival, Mississippi’s businesses can begin enjoying the rewards of a hard-fought victory achieved in 2012 with passage of a phased-in state income tax credits for businesses that pay inventory taxes to cities and counties. Legislative wrangling ended with establishing the tax credits in place of an actual end to the inventory tax, […] [...]

Bill to renew Mississippi tourism sale tax rebates in home stretch

by Published: March 21,2014

Tags: Business, Mississippi, Politics, taxes

A proposed three-year renewal of Mississippi’s tourism incentives includes a provision designed to spur development of a convention center hotel in Jackson and perhaps Biloxi. Convention hotels would be eligible for sales tax rebate of up to 80 percent over 15 years under two conditions: the properties are built within 1,000 feet of an existing […] [...]

Mississippi Supreme Court casino ruling opens door to spreading tax credits to affiliates

Look for gaming operators and other corporate entities in Mississippi to file amended income tax returns based on a February state Supreme Court ruling that Isle of Capri Casinos can spread its tax credits among affiliate operations. The court ruled against the state Department of Revenue in its appeal of a 2012 Harrison County Chancery […] [...]

Uniformity eludes states’ multistate business taxing methods

by Published: February 17,2014

Tags: Business, Equifax, Mississippi, taxes

Mississippi is an “all or nothing” state when it comes to designating the source of taxing the revenue a multistate corporation makes through the sales of services. Here’s an explanation from attorney Richard Henchman, VP of legal & sate projects for The Tax Foundation, based in Washington, D.C.: “The historical approach is Cost of Performance […] [...]

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