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Tag Archives: taxes

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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Owners of feed store win appeal in Revenue case

CARROLLTON — The owners of a feed-and-seed store in Carrollton say they’ve won an appeal to the state Department of Revenue and they won’t have to pay retroactive sales taxes on rabbit feed. Harmon Eddie Stanford tells the Greenwood Commonwealth that he and his wife, Laverne, were upset when a Revenue employee told them they should have been charging the ...

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City might use TIF program for development

GAUTIER — The Gautier City Council will meet Oct. 19 to consider a tax increment financial program endorsed by the local planning commission. City Manager Sidney Runnels says TIF is a tool used by many cities in Mississippi for commercial and retail development. Supporters say it is not a tax but a plan that allows a business to use a ...

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City to vote on proposed tourism tax

SOUTHAVEN — A 1 percent tourism tax is on the ballot Tuesday in Southaven. The Commercial Appeal reports the money generated from the tax on restaurant bills is expected to pay for the proposed $35 million parks expansion and improvement plan. The city received clearance last week from the U.S. Justice Department to hold the special election. Southaven Mayor Greg ...

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State tax collection revenue misses forecast

ACROSS MISSISSIPPI — The state’s tax collections missed expectations in September, prompting Gov. Haley Barbour to send a message to lawmakers as they look to craft a budget for fiscal year 2012. “The state’s preliminary revenue collections as of (Sept. 30) fell slightly below our conservative estimate for the fiscal year,” Barbour said in a statement. “September revenue was 1.26 ...

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New GOP 'compact' pledges no new taxes

WASHINGTON — The chairman of the House Republican Conference says the party’s new “Pledge to America” compact is designed to roll back “failed economic policies” and rein in the healthcare overhaul. Rep. Mike Pence of Indiana tells CBS’s “The Early Show” the document being released today represents the party’s response to what its lawmakers have heard at town meetings and ...

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