Home » Tag Archives: taxes (page 20)

Tag Archives: taxes

Delta town meets important IRS filing deadline

METCALFE — The Town of Metcalfe has met a deadline for the release of financial records to the Internal Revenue Service. Mayor Corey Holmes told the Delta Democrat Times that the information was taken to the Greenville Federal Court House last week and turned over to the local IRS office ahead of a July 31 deadline. Not meeting the July ...

Read More »

Taxes raised to recoup levee funding following flood

WARREN COUNTY — Taxes are going up for some property owners along the mainline Mississippi River levee in northwest Warren County. The Board of Mississippi Levee Commissioners wants to recoup about $400,000 spent from a $2-million reserve fund during the recent flooding. The increase will translate into an extra $2.40 on a tax bill for a property valued at $100,000. ...

Read More »

The politics of economic armageddon

Here we are again — staring into the economic abyss. Compromise, that old tried and true concept of America’s republican form of government, has been taken off of the table. The American brand of compromise has fallen victim to campaign promises never to do it, signed pledges that taxes could never be a part of it and the demands by ...

Read More »

Town scrambling to get documents to IRS

METCALFE — Mayor Corey Holmes says Metcalfe has a July 31 deadline to give the Internal Revenue Service 11 years of bank statements and canceled checks, plus more documentation for the 12 months that ended June 30. He tells the Delta Democrat Times that town officials hope to beat that deadline by at least a week. The IRS says it ...

Read More »

Sales tax holiday returning for third time

ACROSS MISSISSIPPI — Mississippi’s sales tax holiday returns for the third year on the weekend of July 29-30, in time for back-to-school shopping. For 48 hours, between 12:01 a.m. Friday, July 29 and midnight Saturday, July 31, stores won’t collect the 7 percent sales tax on eligible items. The list remains the same as last year — basically clothing and ...

Read More »

Aldermen extend tax-abatement ordinance

OCEAN SPRINGS — The Ocean Springs Board of Aldermen has unanimously decided to extend the city’s tax-abatement ordinance until June 30, 2013. The ordinance provides an incentive for businesses to develop along portions of U.S. 90 and in downtown. The board also directed the city’s Planning Commission to identify additional locations where the tax abatement might serve useful. Alderman John ...

Read More »

Hood urges city to drop Nissan lawsuit

CANTON — The state Attorney General’s Office has asked a federal judge to dismiss a lawsuit filed by the City of Canton against Nissan of North America Inc. The Clarion-Ledger reports that the Attorney General’s Office says in its motion that state law prohibiting Canton from annexing the nearby Nissan plant does not violate the state constitution. “Roughly 10 years ...

Read More »

State ends fiscal year with money in the bank

JACKSON — State government ended the fiscal year June 30 with about $62 million in the bank. According to Lt. Gov. Phil Bryant, whose office announced the surplus for the month of June, the state collected $581 million in revenue, or 4.2 percent, above the projection. For the entire fiscal year, the state collected 2.2 percent more revenue than it ...

Read More »

City officials pushing tourism tax vote

MCCOMB — The City of McComb will include a notice in local water bills this month to remind voters of the tourism tax election on July 19. The Enterprise-Journal reports Mayor Whitney Rawlings hopes the proceeds of the motel tax can be used to complete the McComb Sports Park. A three-fifths majority vote — 60 percent — is required for ...

Read More »

Supreme Court to hear schools' Chevron tax appeal

PASCAGOULA — The Pascagoula School District will ask the Mississippi Supreme Court to throw out a 2007 state law that requires it to share future tax dollars generated from Chevron facilities with other school districts. A local judge upheld the constitutionality of the law. The Supreme Court is scheduled to hear the school district’s appeal today in Jackson. The law ...

Read More »