Mississippi House passes income tax elimination plan

Mississippi Considers Deep Tax Cuts Amidst Budget and Economic Uncertainty

At a time when states across the country are forecasting deficits or anticipating slowing revenue growth, Mississippi lawmakers are debating deeply regressive and expensive tax cuts that would overwhelmingly benefit their state’s richest residents.   Nearly one in five adults and one in four children live in poverty in Mississippi. Cutting revenues while shifting taxes away from the state’s richest residents to low- and moderate-income families …

Hernando mayor supports MS tax reform bill - ‘Everybody wants to get rid of the income tax’

The tax reform bill moving through the Mississippi legislature has some local leaders excited for the potential benefits.

Mississippi House passes $1.1 billion income tax elimination-gas and sales tax increase plan

A bill that phases out the state income tax, cuts the state grocery tax and raises sales taxes and gasoline taxes passed the House of Representatives with a bipartisan vote

Mississippi tax bill would boost transportation funding

A Mississippi House panel has advanced a tax plan that is touted to trim $2.2 billion in state income tax. The plan would also result in a significant increase in transportation funding. The House Ways and Means Committee voted this week to approve a 107-page bill that would cut some taxes and add tax revenue and other funds elsewhere in the state budget. Rep. Trey Lamar, R-Senatobia, is the committee chairman and bill sponsor. The main componen…

House passes bill to eliminate income tax

Would overhaul Mississippi tax system

Mississippi House Votes to Eliminate State Income Tax

Excerpt (max 50 words): The Mississippi House passed a plan to phase out and ultimately eliminate the state income tax while reducing the grocery tax and implementing a new gas tax. The post Mississippi Income Tax Elimination Plan Passes House, Includes New Gas Tax and Grocery Tax Cut appeared first on Mississippi Free Press.