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Tag Archives: Mississippi Department of Revenue

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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Lawmakers pass new bill concerning DOR's tax collections

JACKSON — Lawmakers are moving ahead with changes to tax collections that the state Department of Revenue warns could ultimately cost Mississippi more than $100 million a year. Supporters, though, say the department’s tax collection powers put taxpayers at an unfair disadvantage, especially after a recent state Supreme Court decision. They also dispute whether the bill will decrease revenue by ...

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Coast casinos' revenues up, but riverboats continue to struggle

ACROSS MISSISSIPPI — Mississippi Gulf Coast casinos won a bit more from gamblers in February but that increase couldn’t overcome bigger revenue declines at casinos along the Mississippi River. Mississippi Department of Revenue figures show statewide casino revenue to $182 million in February, down fell 3 percent from 2013’s second month. Revenue has fallen in 18 of the last 20 ...

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

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 process all but ensures that ...

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

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 that it is important for ...

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UMMC’s Landmark purchase gets IHL nod

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 a green light from the ...

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