Home » Tag Archives: taxes

Tag Archives: taxes

Questions as Mississippi seeks to tax online lodging rentals

Mississippi’s tax collector wants to make sure people renting rooms or vacation properties online pay sales and lodging taxes. Some people, though, told Revenue Department officials at a Wednesday hearing that the department was overstepping its legal power, as well as not correctly following procedures for issuing new government rules. At stake is whether Mississippi and local governments will collect ...

Read More »

Analysis: Leaders say reducing state budget meets GOP goal

There has been plenty of hand-wringing about the Mississippi budget the past several months, with Republican Gov. Phil Bryant making multiple rounds of cuts because tax collections fell short of expectations. Many programs face further reductions for the year that begins July 1 under a spending plan set by legislators. Some agency directors are certain to develop heartburn while figuring ...

Read More »

State finally has good month of collections

By BOBBY HARRISON / Daily Journal State revenue collections, which have been sluggish for more than a year, spiked in March even as the Legislature was ending the 2017 session by making major budget cuts because of those ongoing revenue woes. Collections for the month of March were $52.4 million or 12.5 percent above the official estimate, according to information ...

Read More »

State finally has good month of collections

By BOBBY HARRISON / Daily Journal State revenue collections, which have been sluggish for more than a year, spiked in March even as the Legislature was ending the 2017 session by making major budget cuts because of those ongoing revenue woes. Collections for the month of March were $52.4 million or 12.5 percent above the official estimate, according to information ...

Read More »

BILL CRAWFORD: Shift tax burden as recommended or delay tax cuts

The Tax Foundation expert legislative leaders brought in last fall to advise them on tax reform recommended a shift in the state’s tax burden – away from corporate and individual income taxes to user-based taxes.    The key word is “shift.”     User-based taxes – gas taxes, sales taxes, use taxes, etc. – are already on the books in Mississippi. ...

Read More »

BILL CRAWFORD — Inflated university enrollment costs taxpayers

With tight state budgets looming for the foreseeable future, government operations must be rationalized to higher levels of efficiency and performance. Mississippi’s public universities should not be exempt from this process.    In last week’s column I suggested legislators look hard at university admission standards and out-of-state tuition. IHL’s current approach is to admit under-prepared students and to discount out-of-state ...

Read More »

Internet sales tax bill in limbo after initially passing

The Mississippi House could be on track to reverse itself and eventually kill a proposed internet sales tax. House Bill 480 passed the House on Wednesday, despite opposition from some Republicans who said they oppose any new taxes. The bill would enforce sales tax collections for items sold over the internet, and would earmark the money for road and bridge ...

Read More »

Internet tax legislation passes House

By BOBBY HARRISON The Republican House leadership guided to passage Wednesday legislation to tax remote (internet) sales, but not without causing some consternation among members of the House majority. The legislation, which passed 79-38, would use the revenue generated from the tax for road and bridge needs, both on the state level and for counties and municipalities. Those voting against ...

Read More »

Southaven tax could renew with a twist — a way to erase it

Mississippi lawmakers could renew Southaven’s restaurant tax this year. And, they might give local residents a way to erase it. The Commercial Appeal reports the tax has been on the books for six years. It helps pay for parks and recreation projects. The Legislature can authorize restaurant and tourism taxes when local officials request them, and the taxes typically come ...

Read More »

Corporate tax collections main culprit in revenue decline

By BOBBY HARRISON JACKSON – Corporate tax collections peaked in Mississippi in fiscal year 2015 at $714.1 million, just as overall tax collections peaked for the state during the same time period. But the following fiscal year, overall revenue collections from taxes, assessments and earnings on state investments were $34.3 million less than the prior year. It marked only the ...

Read More »