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Tag Archives: tax

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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Auditor tells Coast city leaders to stay out of reserves

OCEAN SPRINGS — Auditors have told Ocean Springs to avoid — if they can — dipping in cash reserves in preparing a new city budget. City leaders borrowed $1.7 million from the city’s reserves last year, leaving $822,000. Auditors told the board of aldermen that good financial practices recommend a reserves balance of $2.7 million based on the city’s budget ...

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Solid prices, beetles prompting timber owners to harvest

ACROSS MISSISSIPPI — Landowners debating the timing for their next timber sale should send trees to the market sooner, rather than later. James Henderson, assistant forestry professor with Mississippi State University’s Extension Service, said increases in housing starts are contributing to gradual timber price improvements, but better reasons to harvest could be related to insects and taxes. “Southern pine beetle ...

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County's assessed value expected to increase by nearly $4M

NATCHEZ — Adams County’s assessed tax value is projected to increase approximately $3.8 million this year. And even if residents didn’t get a notice this year that their property had been reappraised, the process isn’t over. The Natchez Democrat reports the Adams County Board of Supervisors voted to receive approved tax rolls from County Tax Assessor Reynolds Atkins at its ...

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State receives premium taxes from AIG settlement

JACKSON — The Mississippi Insurance Department has transferred $332,676 to the Mississippi Department of Revenue from premium taxes recently recovered during the settlement of a multi-state probe into American International Group’s (AIG’s) workers’ compensation insurance affiliates. The state of Mississippi received just under $1 million from the settlement earlier this spring. The monies are a result of a 2010 settlement ...

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