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Tag Archives: taxes

Bill would use casino taxes for bridges, little for tourism

JACKSON — Mississippi lawmakers met Sunday and neared final approval of House Bill 1630, which would use $36 million a year in casino taxes mainly to rebuild deficient bridges on state highways. Lawmakers agreed after casinos opened to use that revenue stream for road projects to improve access to casinos. But with those projects completed and bonds mostly paid off, ...

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Analysis: MAS targets unfunded mandates on counties

JACKSON — The Mississippi Association of Supervisors is rallying the rank and file to oppose several bills making their way through the 2015 Legislature. Among them are bills to boost the salaries of court reporters, constables and sheriffs. The association considers them unfunded mandates. All appear to have overwhelming support in the Legislature. The association lobbies on behalf of the ...

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Miss. lawmakers propose property tax break for seniors

JACKSON — Mississippi homeowners older than 65 could get a break on their property taxes under a proposal some lawmakers are pushing. The House Ways and Means Committee Tuesday approved House Bill 216 (http://bit.ly/1EKr4FR), which would freeze assessed values of senior citizen-owned homes unless they are renovated. Taxes could still rise if local governments raise tax rates. Rep. Manly Barton, ...

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Senate backs convention to mandate federal balanced budget

JACKSON — State senators want to sign Mississippi onto a plan for a nationwide constitutional convention that would force the federal government to balance its budget and require states’ permission to increase the national debt. The Senate voted 30-18 Wednesday to pass Senate Bill 2389, seeking a convention. The measure moves to the House for more debate. The plan, promoted ...

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Tourism group asks Jackson County for room tax

PASCAGOULA — The Mississippi Gulf Coast Convention and Visitors Bureau has asked Jackson County supervisors for a 2 percent nightly occupancy tax on hotel rooms to support tourism. Harrison and Hancock counties have heads-on-beds taxes in place that raise money to support the Mississippi Gulf Coast Regional Convention and Visitors Bureau. Jackson County does not. Pascagoula, Moss Point and Ocean ...

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Mississippi ranked 14th in Rich States/Poor States Index

ARLINGTON, Va. — A new report on economic competitiveness ranks Mississippi 14th in the nation. The findings were released Tuesday by the American Legislative Exchange Council. The Rich States, Poor States report looks as 15 basic economic policies and how legislative action and state regulations affect them from state-to-state. Those include various tax rates, regulatory burdens and labor policies. The ...

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It’s a taxing season for CPA firms

With less than two weeks left before tax filing deadline, CPA offices across Mississippi are feeling the crush. These pros, however, have learned to cope with the yearly pressures of tax season. They also took time to discuss changes and trends they’ve observed this year. Jessica Cooley with the Jackson metro area firm of GranthamPoole says the firm’s work/life balance ...

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JOHN SCOTT: Tax code, meet today’s reality

As springtime blooms and a seemingly never-ending winter fades, a noteworthy but broadly overlooked set of tax proposals was released by the House Ways and Means Committee in Washington. These serve as an opening bid on how Republicans view the future of the Internal Revenue Code. They are interesting as much for what they say implicitly as they are for ...

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State to end sales tax on interest paid on store-financed merchandise

Toting the note just got easier for Mississippi car dealers and other merchants who finance their customers’ purchases. Gov. Phil Bryant’s signing of House Bill 260 Tuesday puts a July 1 end to sales taxes on interest and other finance charges at buy-here-pay-here retail locations, including auto dealerships and furniture and appliance stores that arrange installment payments on items they ...

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