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Tag Archives: Department of Revenue

House committee kills Landmark/DOR proposal

Downtown boosters were stunned last Tuesday after the House Public Properties Committee declined to act on legislation to move the Mississippi Department Revenue to downtown’s Landmark Center, thus preventing a House vote on the measure already approved by the Senate. The potential move of the DOR headquarters from Raymond into 200,000 square feet of the Landmark Center at 175 East ...

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New faces in new places leave fate of inventory tax reform unclear

New legislative leadership does not necessarily guarantee easy victory for an old fight over inventory taxes. That’s something on which parties from both sides of the issue agree. Mississippi is one of nine states that still impose an inventory tax on its businesses. Arkansas is the only bordering state to still impose it, and Georgia is the only other Southeastern ...

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Litigation timeline key for Section 42 valuation fight

A key hearing this week in Hinds County Chancery Court could go a long way toward changing how tax assessors calculate the tax liability for Section 42 Housing Developments. The Mississippi Association of Supervisors, the Mississippi Municipal League and dozens of towns and cities have sued the Department of Revenue, in an attempt to force that agency to allow tax ...

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Dept. of Revenue pulls the old switcharoo with tax liability-calculation rules

The two committee chairmen who ushered through the Capitol a bill they thought would clarify tax liability-calculation rules for Section 42 housing developments said last week the Department of Revenue had been ignoring the bill’s intent. Passed during the legislative session in 2005, Senate Bill 3100 directed tax assessors to use the income capitalization approach when figuring the ad valorem ...

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