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Tag Archives: tax

Tupelo schools adopt budget calling for raises without tax increase

TUPELO — The Tupelo School Board has adopted a budget that includes a 2 percent cost-of-living pay raise for all non-teaching staff, including principals, assistant principals, secretaries, custodians, bus drivers and maintenance workers. Teachers are already scheduled to get a raise approved by state legislators, and the school board previously approved one for assistant teachers. The district’s average teacher salary ...

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State's tax collections grew 5 percent last budget year

JACKSON — Mississippi tax collections continued growing strongly in the just-concluded budget year, posting another year of 5 percent growth and ensuring that money will be available to help improve local roads and bridges. State Department of Revenue figures show general fund tax receipts grew to a record $5.25 billion in the 2014 budget year, which ended Monday. Lawmakers raised ...

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High Court declines to hear Equifax's appeal of state tax ruling

WASHINGTON — The U.S. Supreme Court said today that it won’t hear an appeal from credit bureau Equifax Inc. involving what it considered an adverse tax ruling in Mississippi. The appeal was 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 ...

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Equifax appeals tax ruling to U.S. Supreme Court

WASHINGTON — The U.S. Supreme Court will consider June 26 whether to hear an appeal from credit bureau Equifax Inc. from what is considers an adverse tax ruling in Mississippi. Court officials say a decision could be announced shortly after the court conference. The appeal is a reaction to a 2013 Mississippi Supreme Court decision that Equifax had to prove ...

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Waveland businessman guilty of failing to file taxes

WAVELAND — A Mississippi vendor for the Orleans Parish Sheriff’s Office in Louisiana has pleaded guilty to failing to file taxes. U.S. Attorney Kenneth Polite Jr. says 36-year-old Kendall O. Marquar, of Waveland, entered the plea Tuesday before U.S. Magistrate Judge Sally Shushan to one count of willfully failing to file taxes. According to court documents, from 2000 to 2012 ...

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JOHN SCOTT — A strong statement that sends a message

I n the last few weeks, there have been several noteworthy developments in the tax world that have broad practical and policy application and merit further discussion because of their impact on taxpayers and our tax system overall. First, let’s start with the health care law and its raft of new taxes. The recent announcement that over eight million people ...

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Reeves talks shop with leaders of furniture industry

Mississippi’s second-highest elected official believes he knows exactly what the furniture industry needs to be profitable. The Magnolia State can better encourage capital investment through improved education, low taxes and balanced budgets, said Lt. Gov. Tate Reeves at Mississippi State’s Furniture Summit. At the gathering yesterday, Reeves spent more than half his keynote speech emphasizing the importance of education at ...

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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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Legislators pass new rules on methods of taxing out-of-state companies

By Ted Carter A bill to limit how and when the Mississippi Department of Revenue can use a market-based taxing method in calculating the tax bills of multistate businesses in the state passed the Legislature Tuesday morning. Legislators also put limits on the DOR’s authority to demand multistate companies provide combined tax returns. The DOR has insisted on authority to ...

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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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