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Tag Archives: tax collection

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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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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City to take out loan in anticipation of tax collections

NATCHEZ — The Natchez Board of Aldermen voted to take out up to $600,000 in tax-anticipation loan funds to cover mainly payroll expenses until expected tax revenue is collected. The Natchez Democrat reports City Clerk Donnie Holloway told the board yesterday the city needs the funding because the city is currently paying two health insurance companies as it transitions from ...

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Lawmakers could rethink law on delinquent taxes

JACKSON — State law currently requires the Mississippi Department of Revenue to garnish 100 percent of the wages of a government official or employee should that person become delinquent in paying taxes. Going back to September 2011, a legislative watchdog group recommended the law be changed to allow garnishment of 25 percent to 100 percent of wages until the tax ...

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Section 42 ruling to impact tax collections on Coast

MISSISSIPPI GULF COAST — A recent state Supreme Court ruling is expected to cost Coast counties, cities and schools more than $6 million in tax revenue. That’s according to Mississippi Coast tax assessors. The ruling pertains to how counties calculate the value of Section 42 or federally subsidized tax-credit housing for tax purposes. The Sun Herald reports Jackson County Tax ...

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State's tax collections come in well over outlook

ACROSS MISSISSIPPI — Mississippi tax collections for the first quarter of the state’s fiscal year — July through August — are 5.9 percent above the estimate and $124.3 million, or 12.1 percent, above what was collected during the same period a year ago. The estimate — made by legislative leaders upon advice of the state’s financial experts — is important ...

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Hearings at end, lawmakers start to craft budget

JACKSON — Now that budget hearings are over, Mississippi lawmakers face a long process of deciding how to spend tax dollars for fiscal 2015, which begins July 1. The 14 members of the Joint Legislative Budget Committee held four days of public hearings last week and quizzed agency leaders about how money is already being spent on programs large and ...

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City sees rise in both sales and tourism taxes

PHILADELPHIA — Sales tax collections rose 2 percent during the fiscal year that ended June 30 in Philadelphia. The Neshoba Democrat reports the city took in more than $3.8 million during the period from July 1, 2012 to June 30, 2013. The total was an increase of more than $72,000 from the previous year. Tourism taxes also rose during the ...

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Schools settle lawsuit with city over tax collections

JACKSON — Jackson Public Schools and the city of Jackson have settled a lawsuit over the school system’s tax collections The Clarion-Ledger reports an agreement was finalized last week that will max out the district’s operational millage while protecting taxpayers from future hikes. The deal brings to an end a budgeting squabble between the two sides that dates back as ...

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Mayor wants tax increase to pay for sportsplex

BRANDON — Mayor Butch Lee is proposing a 2 percent additional tax on food and beverage sales at Brandon restaurants to pay for a multi-field complex focused on baseball. He says the goals are to allow the city’s Shiloh Park to convert more to soccer and girls fast-pitch softball. He tells The Clarion-Ledger a sportsplex would put his city in a ...

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