There are 17 states that usually have annual tax holidays. Mississippi’s begins at 12:01 a.m. July 31 and ends at midnight Aug. 1. According to the Mississippi Department of Revenue, items exempt from sales tax during the holiday are identical to previous years: clothing and footwear items less than $100 per item. Accessories, athletic … Continue reading Report: Permanent tax cut would do more to boost economy than sales tax holiday.
Gov. Phil Bryant wants to cut income taxes for low-earning Mississippians as part of his 2016 budget proposal. Bryant, a Republican, said Monday that he’s seeking a $78.7 million tax cut for families earning less than $50,000 a year. It’s the centerpiece of his spending plan for the 2016 budget year, which begins July 1. … Continue reading Gov. Bryant wants $78.7 million tax cut for families making under $50,000
BY: Geoff Pender Many of our roads and bridges are in poor shape and expected to get worse from lack of maintenance. On present course, experts predict more than half the state’s roads will be un-travelable by 2030. Part of the problem is the state, with an ambitious road building program in the 1980s, added … Continue reading PENDER: Rough road ahead for motorists, politics
BY: John Scott | MS Business Journal The state has filled its rainy day fund. Revenue projections are running ahead of budget. Now, through the leadership of Gov. Bryant, Lt. Gov. Reeves and Speaker (Philip) Gunn, our elected officials are looking at ways to return tax dollars to hard-working Mississippians. A tax cut, particularly targeted … Continue reading SCOTT: Mississippi’s elected officials understand leadership and vision when it comes to taxes.
State revenue agents are on the lookout for property owners and operators renting beach lots to cruisers. The Mississippi Department of Revenue wants its 7 percent sales tax on the income from the rentals. Mississippi charges sales tax for transient cars, trucks, trailers and recreational vehicles parked for a fee. Paid parking lots and garages … Continue reading State agents with DOR are ‘Cruising the Coast’ this weekend looking for unpaid taxes.
People in 36 of Mississippi’s 82 counties may not be able to buy health insurance through the new federal online marketplace when it starts enrolling customers in October. Insurance Commissioner Mike Chaney says only two insurers have announced offerings so far, planning to serve 46 counties. Health care insurance coverage so far is expected in … Continue reading The 46 counties that will have coverage through federal insurance exchange.
Among states in the Southeast, which include Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia and West Virginia, no state had a higher percentage increase in personal income tax collections than did Mississippi and the state was 15 percentage points higher than the next highest state from that group. Likewise, … Continue reading SALTER: MS tax collections increase bucks national trend.
People in 36 of Mississippi’s 82 counties may not be able to buy health insurance through the new federal online marketplace when it starts enrolling customers in October. Insurance Commissioner Mike Chaney says two insurers have announced offerings so far, planning to serve 46 counties. Unless more companies sign up or the existing companies expand … Continue reading Only 2 health plans offered to only 46 counties in Feds MS insurance exchange.
A state task force is quietly taking a hard look at the pros and cons of forcing Internet retailers to comply with a Mississippi law that mandates they collect sales taxes on items they sell online to buyers in the state. A key question is whether taxing cyber sales is a true pot of gold … Continue reading IHL task force quietly studying Mississippi internet tax for consideration in 2014 session.
Dr. Randy Easterling, the past president of the Mississippi Medical Association, talks with Managing Editor Keith Plunkett about how the expansion of Medicaid in Mississippi would further pressure doctors and decrease access to health care to Mississippi's most needy. Related articles Snowden: Medicaid expansion not economic development, will weaken provider capacity. (mississippipep.wordpress.com) Plunkett: DSH payments … Continue reading PEP Talk Podcast: Dr. Randy Easterling discusses the pressure of Medicaid expansion on Mississippi’s doctors.