Tag Archives: Mississippi Department of Revenue

Revenue figures show struggles of casinos, especially along river

May 21, 2014

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The April revenue figures for the state’s casinos back up what the Mississippi Business Journal reported last week from the Southern Gaming Summit — Coast casinos are hanging on while riverboats continue to bleed. Mississippi Department of Revenue figures show casinos statewide won $164 million from gamblers in April, down 6 percent from April 2013. […]

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Bryant signs tax apportionment bill MEC says will help fix ‘out of whack’ system

April 10, 2014

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  The Mississippi Economic Council capped off its annual luncheon Thursday with Gov. Phil Bryant’s signing of a tax apportionment law the business organization had proclaimed its top priority heading into the 2014 legislative session. Bryant, joined by Lt. Gov. Tate Reeves, signed House Bill 799 in the corridors of the Jackson Convention Center Complex […]

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

April 2, 2014

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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 […]

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Equifax asks U.S. Supreme Court to review DOR tax method ruling

February 21, 2014

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Calling the Mississippi appeals process a virtual local lock for the state’s Department of Revenue, Equifax Credit Information Services has asked the U.S. Supreme Court to review last summer’s Mississippi Supreme Court decision upholding the method DOR used in taxing Equifax. In a Feb. 19 petition for certiorari, Equifax argues that the Mississippi tax appeals […]

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UPDATED: State’s Chamber disputes DOR’s costs estimate on business tax bills

February 19, 2014

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A price tag of $7.5 million this year and $25 million next year accompany a pair of pro-business tax apportionment bills that have cleared Mississippi’s House and Senate with overwhelming support. The Republican-sponsored measures, HB 799 and SB 2487, force the Department of Revenue’s to justify basing a multistate company’s taxes on revenue generated in […]

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DOR issues advisory to businesses on Jackson’s new higher sales tax

February 17, 2014

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The new City of Jackson 1 percent sales tax goes into effect March 1 and applies to activities subject to the 7 percent (or more) retail sales tax with certain exceptions, including most groceries. Businesses should begin collecting the 1 percent additional tax from their customers on March 1. The Mississippi Department of Revenue advises […]

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Carter: If wondering who is paying the freight in Mississippi, check this out

January 31, 2014

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Here is something for Mississippians to think about when they plop down an extra $7 at the grocery store as state sales tax on a purchase of $100 in food: The Mississippi House Ways & Means Committee passed a bill Thursday that would restrict the state’s ability to keep companies from sheltering their income from […]

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UMMC’s Landmark purchase gets IHL nod

November 22, 2013

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A large user for the long-vacant Landmark Center on Capitol Street would inject some much-needed vitality into downtown Jackson, Central Business District leaders say.

A sizable chunk of downtown Jackson’s vacant office space will soon move to the occupied side of the ledger with the University of Mississippi Medical Center’s planned purchase of the Landmark Center. The two-year-wait for an occupant for the 366,500 square-foot building at the corner of Capitol and Lamar streets ended Thursday with UMMC getting […]

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New online filing system at Mississippi DOR set for those that file Sales and Use Taxes

September 16, 2013

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Beginning Oct. 7, businesses that file Sales and Use Taxes in Mississippi will use the Department of Revenue’s new online filing system accessed through the Taxpayer Access Point (TAP.) Those taxpayers that file Withholding Tax or Corporate Tax already use this system. With the October 7 implementation, most taxes administered by the DOR are included […]

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How Mississippi turned $3.5 million into $80 million

September 6, 2013

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The Mississippi Department of Revenue has validated that old adage that you must spend money to make money. A Washington Post report published today details how increased tax collection enforcement efforts from a $3.5 legislative allocation helped lead to collection of $190 million in unpaid taxes and increase state revenues by more than $80 million […]

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