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Tag Archives: Sales Tax

City sets new sales tax record, but officials still concerned

BROOKHAVEN — Brookhaven’s latest sales tax report showed record numbers, but some officials don’t want to get too excited just yet because the city is lagging behind some neighbors. The Daily Leader reports Brookhaven’s March sales tax report came in at $415,468.14. In March 2011, it was $400,912.36. Mayor Les Bumgarner says that’s the highest March report on record. Despite ...

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Sales tax money on the rise in Southaven

SOUTHAVEN — For the past six months, Southaven has received its largest sales tax revenue in the city’s 32-year history. Mayor Greg Davis shared the good news with the city’s board at this week’s meeting. Davis said the city has averaged $1 million in sales tax collections over the past six months. Sales tax is the largest source of revenue ...

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City to ask for tax hike to fund capital improvements

HOLLY SPRINGS — The city of Holly Springs will ask the Legislature to approve a local 1 cent sales tax with the proceeds supporting a large capital improvements program. Mayor Andre DeBerry tells the South Reporter the levy would bring in about $171,428 a year. DeBerry says the revenue would eventually produce $8 million to purchase equipment such as a ...

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City sees increase in sales tax collections

NATCHEZ — Sales tax collections for October in Natchez were up approximately 6 percent from last year. The city collected approximately $419,000 in October this year, up $26,000 from the approximately $393,000 the city collected during October 2010. Sales tax numbers are reported two months after the fact. The October revenue reflects sales tax collected in August. Natchez City Clerk ...

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Big dollars await states with cyber sales tax collections

You can bet a $300 million windfall would cheer up Mississippi’s Revenue Estimating Committee when it convenes this month to set estimates on state collections of taxes and fees. The $300 million is the National Conference of State Legislatures’ estimate on the amount of money Mississippi loses each year by not taxing certain online and catalog sales. So why not ...

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Read the October 31st issue of the MBJ online

In this week’s MBJ — ONLINE SALES TAX: Ted Carter takes a look at how much money Mississippi is leaving on the table by not taxing online sales. You may be shocked at the number. Also in this week’s paper: >> REVAMPING THE SYSTEM: Changing tax law to accommodate sales tax an issue that could make national headlines — by ...

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Sales tax growth ‘very worrying,’ state’s senior economist warns

That spring dip in both the national and Mississippi economy lingered in the Magnolia State through the summer, causing Mississippians to slow their retail spending. September spending showed a slight rise but still fell short of estimates. The state Department of Revenue reports sales tax revenues for July and August dropped below the same months of the previous year and ...

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Mayor pushing for sales tax to fund projects

HOLLY SPRINGS — Holly Springs Mayor Andre DeBerry is seeking support for a 1 percent local sales tax to raise money for various projects. The South Reporter reports DeBerry has proposed $8 million for a variety of local projects and another $13 million for street improvements and sidewalks. DeBerry has said the city could issue bonds some of which could ...

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