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Tag Archives: taxes

Lawmakers push for oil spill tax breaks

WASHINGTON — In an effort to help some of the small businesses along the Gulf coast, a bipartisan group of six lawmakers have put together a package of tax breaks for those hit hard by the oil spill. The lawmakers outlined some of the benefits in a letter they sent to Senate Finance Committee chairman Max Baucus and ranking minority ...

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Swiss lawmakers approve tax treaty

GENEVA — The Swiss parliament today approved a treaty with the United States that will hand thousands of files on suspected tax cheats to U.S. authorities. The government hopes the treaty will end, once and for all, the threat of prosecution looming over Swiss bank UBS AG if the country refuses to honor its agreement to hand over the names ...

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Auditor discovers missing city funds

ABERDEEN — An independent auditor says Aberdeen has misplaced $380,000 and missed out on nearly $1 million. The Commercial Dispatch reports that Charles Buchanan began auditing the city’s electric, water and general city records in April. Thus far, Buchanan has concluded $380,000 in utility payments which should have been paid into the Water & Light Department fund instead went to ...

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Judge rules schools must share Chevron taxes

PASCAGOULA — A Jones County chancery judge has ruled constitutional a 2007 state law that required the Pascagoula School District to share future tax dollars generated from Chevron facilities with other school districts. The Pascagoula School District had filed suit challenging the constitutionality of the law authored by then-Sen. Tommy Robertson, R-Moss Point. Under the law, property taxes generated from ...

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School district enjoys one-time 'windfall'

CANTON — Madison County schools may be able to keep several teaching positions next fall because of a nearly $260,000 one-time windfall. Leavitt Tube, LLC, owes back taxes dating to 2003. Tax assessor Gerald Barber said an oversight led to the company not paying taxes on its buildings and grounds after a 10-year tax exemption lapsed. School Superintendent Mike Kent ...

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Senate passes tax holiday bill

WASHINGTON — Companies that hire unemployed workers will get a temporary payroll tax holiday under a bill that easily won congressional approval Wednesday in what Democrats hope is just the first of several election-year measures aimed at boosting hiring. The 68-29 bipartisan vote in the Senate sent the legislation to the White House, where President Barack Obama was expected to ...

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Delta city owes IRS big tax check

METCALFE — Metcalfe Mayor Corey Holmes says the city has not remitted taxes to the government and now the Internal Revenue Service wants $200,000. Metcalfe and city attorney Bennie L. Richard say the money comes from federal income taxes the town failed to pay over a 10-year period. The taxes are from the withholdings of municipal employees. Holmes and Richard ...

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Lawmakers mull tax holiday on guns, ammo

JACKSON — Mississippi lawmakers are considering a two-day sales tax exemption for guns and ammunition in honor of “Second Amendment Weekend” which would come just before fall hunting seasons. Some said fear over revenue loss might derail the bill, which was filed by Rep. Warner McBride, D-Courtland. It has 39 co-sponsors. The House Ways and Means Committee hasn’t taken up ...

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Elected officials delinquent on taxes

LEFLORE COUNTY — Twelve elected officials from Leflore County owe a combined $28,000 in delinquent property taxes. Tax records showed the bills range from less than $200 to more than $7,000 for 2009. Property taxes were due last week. Greenwood City Councilman Johnny Jennings had the largest amount of back taxes from 2009 among elected officials. He and his wife ...

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President's job tax credit wins few lawmakers

WASHINGTON — President Barack Obama’s push to create jobs includes a new tax credit for small businesses that add employees, an idea that has appeal as the nation struggles with an unemployment rate topping 10 percent. It is an idea, however, that fell flat in Congress when Obama first proposed it last year because lawmakers didn’t know how to target ...

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