JACKSON — The state Senate has passed a bill to provide help to the cut-and-sew industry in Mississippi.
The bill, passed March 11, would provide a $2,000 tax credit for each new cut-and-sew employee hired in the ailing furniture industry.
The legislation now goes back to the House for consideration of Senate changes.
Supporters of the bill tells the Northeast Mississippi Daily Journal that it will help keep jobs in the state. Many of those jobs have been lost to foreign countries where the labor costs are cheaper.
The tax break is designed to make the Mississippi work force more attractive to the furniture manufacturers, many of which are located in Northeast Mississippi.
The bill is House Bill 1674.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info