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Tag Archives: taxes

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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City approves tax break for Northrop Grumman

GULFPORT — The Gulfport City Council has unanimously approved tax breaks totaling $94,688 a year for Northrop Grumman’s shipyard, but one will expire in a year and the other by July 2013 unless the incoming council decides to renew it. Northrop Grumman requested the tax breaks for 10 years, based on the company’s investment of more than $18 million in ...

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City passes budget with no tax hike, layoffs possible

WAVELAND — The Waveland City Council has approved a $6.65-million budget that won’t increase property taxes. Mayor Tommy Longo said it may include employee layoffs, but that’s at the discretion of the department heads. Alderman Charles Piazza voted against the budget on Wednesday. Longo tells The Sun Herald that the council chose to cut $675,000 across the board. He said ...

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Cochran counters Democrats with tax bill

WASHINGTON — Sen. Thad Cochran (R-Miss.) is supporting legislation to preserve individual income tax rates at their current levels rather than allowing those rates to increase at the end of the year. Cochran is cosponsoring the Tax Hike Prevention Act of 2010, a broad tax policy bill aimed at extending all of the individual income tax relief approved by Congress ...

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Democrats divided on Obama's proposed tax hikes

WASHINGTON — Congressional Democrats are confronting deep divisions in their nervous ranks over whether to support President Barack Obama’s plan to raise taxes on the wealthiest Americans — or just punt the entire matter until after voters go to the polls Nov. 2. Democratic leaders committed to Obama’s proposal were to hear today from endangered lawmakers who fear that raising ...

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Geithner: GOP's tax cut support welcomed

WASHINGTON — Treasury Secretary Timothy Geithner says the administration is encouraged to hear Republicans say they would support President Barack Obama’s plan to extend tax cuts to the middle class. Geithner says in a speech that the administration would welcome the GOP votes. The Obama administration has proposed extending the 2001 and 2003 Bush-era tax cuts for the middle class. ...

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