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Tag Archives: tax

All American gets bad checks from Instant Tax

MADISON — All American Check Cashing reports several checks it cashed for customers of Instant Tax of Hattiesburg have been returned. The checks were issued to Instant Tax customers as part of a rapid advance tax refund. The checks were issued by Tax Tree of Miami, Florida and written on Bank of America. “While the refund anticipation loan industry has ...

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Christmas tree growers feel ‘Grinch-ed’ by tax stories

Mississippi’s Christmas tree growers are optimistic about this year’s sales season despite national reports of a new “tree tax” to fund promotional efforts. Growers now hope consumers visit their operations and see prices are generally the same as last year. “Here we are trying to self-promote our industry, and we get this,” said Michael May, owner of the Lazy Acres ...

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City officials mulling lodging tax to fund development

WIGGINS — City leaders in Wiggins are considering a local sales tax on hotels, motels and cabins as a way to increase revenue for economic development. The Sun Herald reports Mayor Jerry Alexander introduced the idea at yesterday’s Board of Aldermen meeting. Alexander said the tax proposal would be a good way to increase revenue without a major impact on ...

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County gives tax exemption to GE Aviation

BATESVILLE — The Panola County Board of Supervisors has approved a 10-year tax exemption for machinery and equipment and a separate tax exemption for inventory for GE Aviation. The three-year-old GE Aviation plant in Batesville is set to employ 500 workers by 2013. Officials tell The Panolian that the tax exemptions will save GE Aviation about $289,800 annually. Bill Bryant, ...

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State revenue collections beat forecast, but Barbour urges caution

JACKSON — It appears that the state’s January revenue collections will exceed expectations, but Gov. Haley Barbour is still urging lawmakers to be cautious when spending. Barbour said, “Mississippi’s preliminary January revenue collections were slightly higher than estimated, which shows the state’s economy continues to recover slowly. The state collected $326 million, which was 1.42 percent above the Sine Die ...

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MHC awards $8M in Housing Tax Credits

ACROSS MISSISSIPPI — The Mississippi Home Corporation (MHC) has awarded over $8 million in Housing Tax Credits (HTC) to developers for the construction and rehabilitation of 589 units statewide. The MHC said the developments will create over 500 jobs, which will provide $12.89 million in constructions wages and produce $67.78 million in related spending in their communities. Housing tax credits ...

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Residents might vote on tourism tax

SOUTHAVEN — A special election where Southaven residents decide if they want to place a 1 percent tourism tax on restaurant tabs could be held Oct. 5. Mayor Greg Davis will ask the board of aldermen tomorrow to approve this date for the nonbinding referendum on the tourism tax. Davis tells The Commercial Appeal that projections show that the 1 ...

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ABC backing tax reform legislation

WASHINGTON — Associated Builders and Contractors (ABC) yesterday hailed the introduction of the American Job Builders Tax Reform Act of 2010 (H.R. 6097), a bipartisan bill, sponsored by Reps. Wally Herger (R-Calif.) and Shelley Berkley (D-Nev.), that will modify the tax code to help small construction contractors that are facing increased costs in energy, labor and materials. “For far too ...

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City's tourism tax proposal put on hold

FULTON — Fulton Mayor Paul Walker says a proposal to increase the tourism tax on hotel rooms will not appear on the November ballot as originally planned. Walker tells the Northeast Mississippi Daily Journal that the tax must be voted on in a citywide election rather than one that would include county voters outside the town. The proposal would add ...

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