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Tag Archives: Equifax Credit Information Services

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

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 the state. The measure also ...

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Bills to constrain taxing methods on multi-state companies progress in Legislature

JACKSON, Mississippi – Some members of the Mississippi Legislature fear last summer’s state Supreme Court ruling that bumped the one-year Mississippi tax bill of Atlanta’s Equifax Credit Information Services from zero to over $700,000 will tarnish the state’s “business friendly reputation.” To undo the perceived damage, two Republican-sponsored bills designed to make it harder for the state to assess taxes on ...

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New tax ruling could give Department of Revenue huge appeal advantage

A June 20 decision by the Mississippi Supreme Court in a tax dispute between Equifax Credit Information Services and the Mississippi Department of Revenue severely damages the rights of taxpayers, said an attorney who practices tax law. The dispute arose over the company’s tax liability to the state. Using the standard apportionment method, Equifax computed its tax liability as zero. ...

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