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Tag Archives: Mississippi State Rep. Mark Formby

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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