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Proposal: eliminate income tax, add 5% tax on gas, allow cities, counties to levy local sales tax

  • House leaders proposed a plan to eliminate the state income tax and increase local sales taxes and gas taxes.
  • The proposal aims to reduce the income tax rate from 4% to 3% this year, eventually eliminating it over ten years.
  • The plan includes a new 5% tax on gasoline expected to generate $400 million annually for road infrastructure.
  • Governor Tate Reeves has expressed general support for tax cuts but opposes plans that increase other taxes.
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