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Tag Archives: Mississippi Department of Revenue

State's casinos took in more winnings in October

ACROSS MISSISSIPPI — A strong performance by Mississippi’s Gulf Coast casinos boosted gambling revenue to $167 million in October. The figure bested the $165.5 million lost by gamblers in October 2013. The 11 casinos in South Mississippi showed 9 percent jump in revenue — despite the closing of the Margaritaville Casino in Biloxi. Mississippi Department of Revenue figures showed the ...

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Will lawmakers debate tax cuts as election year looms?

JACKSON — Mississippi has state elections in 2015, and it’s a safe bet that lawmakers will try to endear themselves to voters by debating a tax cut. Gov. Phil Bryant and Lt. Gov. Tate Reeves are both seeking re-election, and they’re already reciting familiar Republican talking points by saying people should keep more of the money they earn. Any proposal ...

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State's casinos saw another fall in revenue in August

ACROSS MISSISSIPPI — Mississippi casino revenue fell in August, with performance continuing to diverge between coastal and river regions. State Department of Revenue figures show casinos statewide won $175 million from gamblers in August, down 2 percent from $179 million in August 2013. The 12 coastal casinos won $94.1 million, up 5 percent from August 2013. The 17 river casinos ...

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S&P: State in top 10 in U.S. in sales tax dependency

ACROSS MISSISSIPPI — Mississippi is one of 10 states most reliant on sales taxes as a share of revenue, according to a new Standard & Poor’s report that says that such states may be particularly susceptible to an ever-widening income gap dragging down state tax revenues. Analysts with the credit rating agency believe rising inequality is also stunting overall economic ...

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High Court declines to hear Equifax's appeal of state tax ruling

WASHINGTON — The U.S. Supreme Court said today that it won’t hear an appeal from credit bureau Equifax Inc. involving what it considered an adverse tax ruling in Mississippi. The appeal was a reaction to a 2013 Mississippi Supreme Court decision that Equifax had to prove that it didn’t earn any taxable income in the state. The state Department of ...

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Revenue figures show struggles of casinos, especially along river

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. The 12 coastal casinos won ...

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City gives restaurants more time to serve alcohol

TUPELO — People will soon be able to buy alcoholic drinks until 1 a.m. every day in Tupelo. The city council approved the change in a 4-3 vote. New hours restaurants can serve alcohol approved by the council are from 10 a.m. until 1 a.m. each day. Current hours are 10 a.m. until midnight on Monday through Saturday and from ...

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Equifax takes tax dispute to U.S. Supreme Court

WASHINGTON  — Credit bureau Equifax Inc. is asking the U.S. Supreme Court to hear appeal from an adverse tax ruling in Mississippi. The appeal is a reaction to a 2013 Mississippi Supreme Court decision that Equifax had to prove that it didn’t earn any taxable income in the state. The state Department of Revenue examined Equifax’s income and allocated some ...

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

  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 at the close of the ...

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

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 installment payments on items they ...

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