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Law & Accounting

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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Deadline set for offers on Tupelo’s Lane Furniture plant

  June 19 is the deadline that has been set for offers on bankrupt Furniture Brand’s 430,000 square-foot manufacturing/distribution facility and data center in Tupelo. Property disposition specialist Hilco Real Estate is marketing the Tupelo plant along with 16 Furniture Brands properties involved in the Furniture Brands International bankruptcy case. The portfolio of Thomasville and Lane real estate ranges from ...

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Treasurer Fitch: Today's pepaid college program restart will help erase shortfall

By Lynn Fitch The Board of Directors for the College Savings Plans of Mississippi voted Monday to reopen Mississippi’s Prepaid Affordable College Tuition program (MPACT) for new enrollees beginning in fall 2014. The decision to reopen MPACT brings full circle a process the Board and the State Treasurer’s Office began 18 months ago. In 2012, the Board decided to defer ...

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3-peat for Kings of Moot Court: Ole Miss law students roll up another national title

OXFORD, Mississippi – The University of Mississippi School of Law made history this weekend by grabbing its third moot court national championship this year, the first time the law school has achieved such a milestone. Second-year students David Fletcher of Jackson and Brett Grantham of Corinth, along with third-year Will Widman of Birmingham, won the National Professional Responsibility Moot Court Competition at Robert ...

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Whiskey rebellion looms in Tennessee over Jack Daniels’ protection law

A year-long fight among state legislators over the definition of true Tennessee whiskey is spilling over to the international distilled spirits business, dividing both Tennessee’s powerful whiskey interests and multinational corporations battling for billions of dollars in global market share, the Washington Post reports. For more than a century, distillers around Tennessee have produced whiskey — some legal, some illegal ...

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Drugs or counterfeit goods?

A recent arrest proves one thing — if you’re going to sell drugs, stay away from counterfeit goods. A Tate County resident has been arrested for the sale of a controlled substance and the sale of counterfeit goods in the Senatobia area, according to Attorney General Jim Hood. Keith Roderick Danner, 41, of Senatobia was arrested following an undercover investigation ...

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Louisiana billboards advocating Medicaid expansion spur legal threats from state

Louisiana Gov. Bobby Jindal’s Mardi Gras celebration has ended and a war with the progressive political group MoveOn.org has begun. MoveOn.org’s lawyers received a cease-and-desist letter from state of Louisiana officials Thursday, one day after the state’s Republican lieutenant governor told the Baton Rouge Advocate that the state would pursue legal action to try to take down a billboard criticizing ...

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Baptist, Methodist ministers join to decry gay discrimination legislation

Five Mississippi Baptist and Methodist pastors have sent a letter to state legislators urging them to keep discriminatory language out of a so-called “Religious Freedom” bill that passed the House in late January and is now before House Judiciary Committee B. An amended version of the bill, SB2681, cleared the House Judiciary Committee B Tuesday morning. The amendments, as urged ...

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Newest Fla, restaurant trend: Forcing customers to cover Obamacare costs

LAKELAND, Florida — Some Tampa Bay area diners are finding a new charge on their restaurant bills. It’s an extra fee or surcharge for Obamacare, and the restaurant group that started it is based here in Florida, Tampa Bay’s Fox Channel 13 reports. “We wanted to be transparent about it. We didn’t want to hide it,” explained Gators Dockside general ...

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