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Tag Archives: taxes

Corporate tax collections main culprit in revenue decline

By BOBBY HARRISON JACKSON – Corporate tax collections peaked in Mississippi in fiscal year 2015 at $714.1 million, just as overall tax collections peaked for the state during the same time period. But the following fiscal year, overall revenue collections from taxes, assessments and earnings on state investments were $34.3 million less than the prior year. It marked only the ...

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State leaders ponder roads and bridges funding

By JACK WEATHERLY Gov. Phil Bryant and House Speaker Philip Gunn on Thursday told the Mississippi Economic Council that they are open for finding a way to fund a major overhaul of the state’s roads and bridges. But, as they have said numerous times before, neither Bryant nor Gunn favored raising it through increased taxation. Gunn said that as of ...

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Mississippi lawmakers vague on tax proposals for ’17 session

Mississippi’s Republican-led Legislature and GOP Gov. Phil Bryant enacted a substantial package of tax cuts during their 2016 session, with reductions phased in over several years. But leaders are vague about whether they will propose other tax changes during the three-month 2017 session that begins Jan. 3. “I wouldn’t expect any major overhaul,” said Senate Finance Committee Chairman Joey Fillingane, ...

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Mississippi joins fight for legal sports betting

Mississippi and several other states have joined New Jersey’s fight to legalize sports betting in a brief filed with the U.S. Supreme Court. The Clarion-Ledger reports Attorney General Jim Hood signed onto the brief submitted by West Virginia Attorney General Patrick Morrisey, as did the attorneys general of Arizona, Louisiana and Wisconsin. New Jersey in October appealed a lower court’s ...

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Report warns of possible tax subsidy for Kemper plant

A report released Tuesday warns Congress against tax changes that could subsidize Mississippi Power Co.’s Kemper County power plant by an additional $700 million to $4.5 billion. Environmental group Friends of the Earth and anti-subsidy group Taxpayers for Common Sense say members of Congress could try to enact changes before year’s end as part of a larger tax bill. Lukas ...

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D.C.-based tax policy group has ear of legislative leaders

By BOBBY HARRISON The study committee formed in the summer by House Speaker Philip Gunn and Lt. Gov. Tate Reeves to make recommendations to the full Legislature on possible changes to the state tax structure apparently will depend on the Washington D.C.-based Tax Foundation for most of its information. The specially appointed committee, consisting of legislators and a representative of Gov. ...

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BILL CRAWFORD: Individual taxpayers should be wary of tax reform schemes

  Legislative leaders brought in an outside expert from the Tax Foundation to push the theory that Mississippi needs to make its business taxes more competitive. She argues lower business taxes, offset by higher user fees, property taxes and expanded sales taxes, will make Mississippi more competitive for business and jobs.    While this approach may make the state more ...

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