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Tag Archives: tax

Houston voters approve tourism tax

taxes

Houston voters have approved a tourism tax by a roughly 50-vote margin. The Northeast Mississippi Daily Journal reports voters cast 435 ballots Tuesday for the proposed 2 percent tax and 196 voted against it for a 68.93 percent margin for the measure. The revenue referendum needed 60 percent approval to pass. This was Houston’s second attempt to pass the tax ...

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State’s failure to refill prepaid college fund, tapping of abandoned property fund worry Treasurer

education

By TED CARTER Two approaches Mississippi legislators took to help make fiscal ends meet in the 2016 session are especially troublesome to Treasurer Lynn Fitch. One is a refusal to replenish the Mississippi Prepaid Affordable College Tuition Fund to cover a $127 million shortfall the fund incurred before Fitch suspended new sign-ups for 18 months. Fitch reopened the fund on Oct. ...

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Fate of state tax cuts in conference committee hands

tax cuts

By TED CARTER Whatever chance a tax cut for either Mississippi’s businesses or individuals has this legislative session will be decided by a six-member conference committee appointed by House and Senate leaders. Adding to the difficulties of choices before the conference is a growing tax collections shortfall that represents collections that fell approximately $20 million below projections for each month since ...

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BILL CRAWFORD — Needed tire and road jobs for Mississippi don’t come cheap

continental-tire-and-imsa-partnership-tire

  How much is a job worth to Mississippi? Gov. Phil Bryant and the Mississippi Legislature are willing to pay a lot to get new ones. The recently announced Continental Tire project for Hinds County will get an unprecedented package of incentives that could amount to $240,000 per job, according to an analysis by the Associated Press. The direct outlay ...

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Move to dump franchise tax back by popular demand

FY 2015 INCOME ANNUAL REPORT.xlsx

By TED CARTER Mississippi may be about to give a 10-year test to a key fixture of politically conservative fiscal thinking – that revenue lost by lowering taxes on business will be more than offset by new business spending. The idea of enhanced revenue, or at the least no-net-loss — may become central to a 2016 legislative debate over phasing out ...

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BILL CRAWFORD: Surely Republicans will pass some tax cut

As every legislator knows, no bill is really dead until the Legislature leaves town … especially if the governor wants it to live. But as this column was written late last week, major tax cut bills were all but dead.   The House voted 67 to 52 along party lines for the $555 million compromise tax cut devised by Lt. ...

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Former Mississippi tax preparer pleads guilty in theft case

GULFPORT — A former Mississippi income tax preparer has pleaded guilty to theft of government funds for using people’s names and Social Security numbers to obtain $18,345. The Sun Herald reports 34-year-old Ukisha Lashay Carter is set for sentencing April 29. She’s facing a maximum prison term of three years and a fine of up to $250,000. She’s free on ...

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BILL CRAWFORD: Gunn steals tax cut spotlight

For the past several years Gov. Phil Bryant has pushed hard for the Legislature to adopt a rational budget process called “performance-based budgeting.”   No doubt this rational approach to budgeting – budgeting includes both revenues and expenses – led the Governor to put forward his reasonable request for a tax cut. He proposed an overall budget that left room ...

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Reeves seeks $382M in tax cuts for companies and individuals

RICHLAND — Mississippi Lt. Gov. Tate Reeves is proposing to phase in $382 million in tax cuts over 10 years, in an election-year move aimed at both businesses and individuals. He made his proposal Tuesday at a Richland industrial firm, winning a quick endorsement from Gov. Phil Bryant, a fellow Republican. Reeves wants to repeal Mississippi’s $242 million-a-year franchise tax ...

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Jackson Co. occupancy tax gets board approval

PASCAGOULA — A proposed 2 percent occupancy tax to be levied in Jackson County has the support of the Mississippi Gulf Coast Regional Convention & Visitors Bureau board. The Sun Herald reports leaders with the organization had already made such a pitch to the Jackson County Board of Supervisors last week. Supervisors asked the officials to check with Jackson County hotel owners ...

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