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Tag Archives: Sales Tax

Study concludes state losing up to $122 million by not taxing remote sales

By BOBBY HARRISON / Daily Journal Mississippi lost between $105.6 million and $122.7 million in tax revenue in 2016 by people making remote purchases, such as through catalogs or on the internet, where they did not have to pay taxes, according to a new study by the University Research Center. Of that lost revenue, between $56.4 million and $67.8 million was ...

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Flowood retail center gets extra time to qualify for sales tax rebates

By TED CARTER A Louisiana real estate developer has received a four-year extension to qualify for $48.7 million in Mississippi sales tax rebates by completing a retail center on Lakeland Drive in Flowood. The rebate for the $165 million Pinelands Lifestyle Center would come from a defunct state incentives program for new retail centers that offered Mississippi-themed amenities. Legislators declined to ...

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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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PHIL HARDWICK: Sales tax collections as an economic indicator

Small business makes a substantial contribution to the economic health of cities in Mississippi. Small businesses not only provide jobs, their sales tax collections are a significant source of revenue for their communities. That makes them economic development engines. Although the term “economic development” has no standard definition, it is generally agreed that economic development is “the process of increasing ...

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Presley alerts farmers to new sales tax break on energy bills

JACKSON — Public Service Commissioner Brandon Presley is notifying agricultural businesses in Mississippi of a change in tax law that may lower their utility bills. The change, which went into effect July 1, exempts certain agricultural business from being charged state sales tax on their energy bills, particularly bills for electric and natural gas service. The new exemption applies where ...

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Ford, Perry chosen to manage Capitol City's new tax

JACKSON — A former speaker of the Mississippi House and a prominent Republican will help oversee how the city of Jackson spends money generated by a 1 percent sales tax that took effect earlier this year. The Clarion-Ledger reports that former Speaker Tim Ford and Hinds County Republican chairman Pete Perry will serve on a board that will develop a ...

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Study: Mississippi has highest sales tax rate in U.S.

BERWYN, Pa. — According to the yearly sales tax rate study issued today by Vertex Inc., the number of sales and use tax rate changes in the U.S. for year 2013 was 609, up significantly from 2012 when there were 463 changes. The study found that Mississippi, along with Indiana, New Jersey, Rhode Island and Tennessee, have the highest sales ...

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Lawmakers say no to cities' request for new sales tax

It appears two Mississippi cities will not receive authority to enact a new sales tax. A Senate chairman said Friday that Mississippi lawmakers won’t authorize Hattiesburg or Greenville to set a 1 percent local sales tax, as the two cities requested. “We’re not going to do that,” Local and Private Committee Chairman Perry Lee, R-Mendenhall, told The Associated Press. Legislative ...

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