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Tag Archives: tax breaks

CRAWFORD: Is your favorite tax break safe?

Have you asked your senators to save your favorite tax break? Senate Finance Committee Chairman Max Baucus (D-Montana) and Ranking Member Orrin Hatch (R-Utah) have given senators until July 26th to tell them what tax breaks need to be saved as they begin writing tax reform legislation. In a letter to colleagues late last month, the two senators announced they ...

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House passes tax break for newly licensed doctors

JACKSON — Some new physicians in Mississippi could get a tax break in another effort by the state to attract more doctors. The House passed the measure yesterday, 120-1. It would allow newly licensed physicians to not pay state income taxes on income exceeding $100,000 a year. The break from the 5 percent tax rate would be good for up ...

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House votes down bill allowing employees to receive tax breaks

JACKSON — The Mississippi House has rejected a bill to let businesses pass some tax breaks to individual employees. House Bill 1264 needed 71 votes, but only got 67. House Ways and Means chairman Jeff Smith says he plans to bring back the bill to try to pass it. Democrats objected to the expense, and to letting businesses choose employees ...

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Resinall gets New Market investment for expansion

HATTIESBURG — Resinall Mississippi (Resinall) has completed a New Market Tax Credit (NMTC)-based investment. The New Markets Tax Credit program is run by the CDFI Fund under the Department of Treasury. MuniStrategies and SECDE Ventures were the two Mississippi-based New Markets allocatees that provided federal and state tax credit incentives to help finance this project. New Markets enabled an $18-million ...

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Clock ticking on year-end tax incentives, breaks

The clock is ticking on a number of year-end tax incentives and breaks. Before companies start singing “Auld Lang Syne,” experts say they better have taken advantage of ways to reduce their tax liability through incentives and asset assessments if they want the new year to be a happy one. “It’s not too late, but businesses need to be working ...

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Aldermen approve plans for proposed entertainment district

CORINTH — The city of Corinth could become another town in Mississippi to have a designated Arts and Entertainment District. The Daily Corinthian reports aldermen agreed last week to prepare a legal description of the district for the state to review. Aldermen hope to approve a final plan in January. The program allows a local government to create an entertainment ...

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Aldermen extend tax-abatement ordinance

OCEAN SPRINGS — The Ocean Springs Board of Aldermen has unanimously decided to extend the city’s tax-abatement ordinance until June 30, 2013. The ordinance provides an incentive for businesses to develop along portions of U.S. 90 and in downtown. The board also directed the city’s Planning Commission to identify additional locations where the tax abatement might serve useful. Alderman John ...

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Senate passes tax break legislation

WASHINGTON — Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate today over protests from conservatives who say it adds too much to the $12.5-trillion national debt. But compassion for the jobless and the political power of an annual package of tax breaks is likely to produce a bipartisan ...

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