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Tag Archives: taxes

City petitioning Legislature for tourism tax

SOUTHAVEN — Last fall, voters in the city of Southaven gave overwhelming support, in a nonbinding election, to a proposal to place a 1 percent sales tax on restaurants. Now, the city has asked the Legislature to approve the tourism tax without the necessity of another election. Mayor Greg Davis tells [ITAL]The Commercial Appeal[ITAL] that proceeds from the tax would ...

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City gets sunset of proposed penny tax extended

JACKSON — The City of Jackson’s hopes for an eventual fix to its crumbling infrastructure, especially its water and sewer systems, survived a key Mississippi Senate Finance Committee vote yesterday. The committee approved an amendment to legislation passed last year to allow Jackson to stage a referendum on enacting a penny special option sales tax to fund the infrastructure work. ...

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Moak: No new taxes for state's casinos

JACKSON — The chairman of the Mississippi House Gaming Committee said Monday he expects no serious effort by lawmakers to increase casino taxes in Mississippi this year. Rep. Bobby Moak, D-Bogue Chitto, said if casino companies are deciding where to develop new projects, a change in tax rates could make Mississippi less competitive. Casinos pay 8 percent to the state ...

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State chooses Fast's GenTax to upgrade tax system

RAYMOND — Fast Enterprises announced that the State of Mississippi has selected the company and its GenTax commercial off-the-shelf (COTS) software product as the Mississippi Department of Revenue’s solution for a modernized and completely integrated tax and revenue system. Terms of the deal were not disclosed. The project, known as the Mississippi Automated Revenue System, or MARS, involves software installation, ...

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Sentencing delayed in case involving Saints

NEW ORLEANS — Sentencing is being delayed until April 6 for the head of a defunct movie studio who pleaded guilty to selling $1.9 million in nonexistent tax credits to members of the New Orleans Saints. On May 13, Wayne Read pleaded guilty to interstate transportation of stolen funds and wire fraud. He once ran Louisiana Film Studios, LLC, in ...

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Town waits to hear from IRS about unpaid taxes

METCALFE — The Town of Metcalfe is still awaiting word from the Internal Revenue Service about a $468,042 tax liability from a decade of unpaid taxes. Town attorney Bennie L. Richard told the Delta Democrat Times that the taxes are from the withholdings of municipal employees. Richard says the town is responsible for over $236,000 in unpaid taxes from 1999 ...

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Contraband cigarette scheme lost millions in taxes

OXFORD — A multi-state contraband cigarette case that involves Mississippi cost the State of Kentucky millions of dollars in uncollected taxes, according to a federal investigator. Lousiville, Ky., businessman Israel Chavez sold cigarettes online and didn’t make an attempt to hide that he wasn’t making an effort to see that sales taxes were collected, according to The Associated Press. That ...

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City looking to enact redevelopment tax

RIDGELAND — The City of Ridgeland will seek legislative — and ultimately voter — approval for a 1 percent increase in the local sales tax to redevelop a southeastern area and reduce the number of apartment complexes. The tax would be very similar to the tourism tax currently levied on Ridgeland hotels, motels and restaurants, which is used to advertise ...

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Supes want new election deadline, award tax credit

SOUTHAVEN — DeSoto County supervisors will ask lawmakers for local legislation to delay the March 1 qualifying deadline for local candidates in the 2011 elections. Supervisors fear they won’t get new census data in time to redraw new district lines. Legislative leaders have said no extension is likely. Supervisor Bill Russell tells The Commercial Appeal that getting new districts in ...

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GO Zone extension added to Senate tax package

WASHINGTON — Senators Roger Wicker (R-Miss.) and Thad Cochran (R-Miss.) report that their request to extend two important Gulf Opportunity Zone (GO Zone) provisions has been accepted and included in the Senate’s year-end tax extension package. Wicker and Cochran sought to have GO Zone bonds and bonus depreciation added to the Senate tax extenders measure, which also included extensions of ...

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