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Tag Archives: tax

Pickering threatens to garnish Mayor Davis' paycheck

SOUTHAVEN — Mississippi Auditor Stacey Pickering paid a surprise visit to Southaven Mayor Greg Davis at a city meeting and announced plans to garnish the mayor’s paycheck. The Commercial Appeal reports Pickering returned $96,000 in disputed funds repaid by Davis last night, but announced plans to take the mayor’s paycheck to recover another $70,000. Pickering said Davis’s $3,700 bi-weekly paycheck ...

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Supervisors vote to give tax break for Hard Rock expansion

BILOXI — Harrison County supervisors have approved a tax break for Hard Rock Casino Biloxi’s hotel expansion. The Sun Herald reports supervisors unanimously agreed to a seven-year county ad valorem tax exemption for improvements related to Hard Rock Casino’s planned expansion, which involves a new 12-story hotel tower worth $32 million. The exemption doesn’t apply to school taxes and once ...

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Officials vote not to oppose city's annexation plan

TUPELO — The Lee County Board of Supervisors has decided against opposing the city of Tupelo’s annexation effort. WTVA-TV reports the supervisors’ vote was unanimous. Their decision comes just a few days after the Mississippi Supreme Court ruled in favor of the city’s effort to take in approximately 16 square miles from the county. Lee County had the option to ...

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City's annexation plan upheld by Supreme Court

TUPELO — The city of Tupelo’s plan to expand its borders has been upheld by the Mississippi Supreme Court. The Northeast Mississippi Daily Journal reports the 16-square-mile annexation would add approximately 2,500 residents to the city. Special Chancellor Edward Prisock approved the city’s annexation plan Dec. 17, 2010, but the decision was appealed by Lee County, the Belden Fire Protection ...

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County could lose millions if SMEPA buys power plant

BATESVILLE — Panola County could lose as much as $4.4 million in future property taxes if South Mississippi Electric Power Association succeeds in its bid for LSP Energy. South Mississippi Electric Power Association (SMEPA) has entered into a purchase agreement in federal bankruptcy court in Delaware to buy all assets of LSP Energy for $249 million. It’s not yet a ...

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Retailers across the state gearing up for annual Sales Tax Holiday

ACROSS MISSISSIPPI — Mississippi’s annual sales tax holiday begins at 12:01 a.m. Friday and ends at midnight Saturday. Mississippi retailers are gearing up for one of their busiest times of the year. Department of Revenue spokeswoman Kathy Waterbury says nothing has changed from previous years in which shoppers can save 7 percent on certain clothes and shoes that cost $100 ...

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City council approves tax incentive for new Hard Rock hotel

BILOXI — The Biloxi City Council has authorized a seven-year tourism tax incentive for a new hotel tower at Hard Rock Casino Biloxi. The Sun Herald reports the incentive means the hotel will pay no ad valorem tax on the improved value for the seven-year period. The tower will be built north of the swimming pool along U.S. 90. The ...

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City sets new all-time high in tourism-related tax collections

OXFORD —Tourism-related taxes hit an all-time high in April in the city of Oxford. Figures presented at a recent Oxford Tourism Council meeting showed the hotel and motel tax for April 2012 climbed 27 percent compared to the month of April in 2011 with $22,838 in taxes collected. April tends to be one of the community’s biggest months for tourism ...

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Public schools to ask for $320M increase to 2014 budget

JACKSON — Mississippi’s public school system will seek an additional $320 million for the 2014 budget year, according to figures released yesterday. Each year, the state Board of Education must compute the amount called for under the state’s kindergarten through grade 12 funding formula, called the Mississippi Adequate Education Program. Under the 1997 law that created MAEP, that’s the amount ...

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Supreme Court refuses to reconsider Chevron/school tax case

JACKSON — The Mississippi Supreme Court yesterday declined to reconsider a ruling that a 2007 state law was unconstitutional in requiring the Pascagoula schools to share some tax dollars generated from Chevron facilities with other districts. The April ruling overturned a decision by a Jackson County judge who upheld the law. The law required property taxes generated from expansions at ...

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