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Senate advances its tax overhaul. Debate centers on who the proposal would help

The Senate Finance Committee voted to advance a tax overhaul that includes lowering the state income tax to 2.99% and reducing the sales tax on groceries from 7% to 5% starting July 2026.
This Senate plan results in a net tax cut of $326 million, which is significantly less than the $1.1 billion net cut passed by the House.

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Associated Press News

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thegazebogazette.com

Mississippi Senate advances its tax overhaul. Debate centers on who the proposal would help

The Senate Finance Committee voted Thursday to advance legislation to reduce the state income tax and the sales tax on groceries while raising the gasoline tax.

1 day ago·United States

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Daily Journal

Senate advances its tax overhaul. Debate centers on who the proposal would help

The Senate Finance Committee voted Thursday to advance legislation to reduce the state income tax and the sales tax on groceries while raising the gasoline tax.

2 days ago·Cherokee County, United States

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Mississippi Today

Senate advances its tax overhaul. Debate centers on who the proposal would help - Mississippi Today

The Senate Finance Committee voted Thursday to advance legislation to reduce the state income tax and the sales tax on groceries while raising the gasoline tax. Republican senators voted to advance the measure, which they say will boost economic activity in Mississippi. Democrats on the committee argued cutting the income tax while raising the gas tax would benefit corporations and harm the working poor. The Senate plan amounts to a net tax cut …

2 days ago

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WXXV 25

Mississippi Senate advances its tax overhaul - WXXV News 25

By MICHAEL GOLDBERG/Mississippi Today Updated 11:12 AM CST, February 21, 2025 The Senate Finance Committee voted Thursday to advance legislation to reduce the state income tax and the sales tax on groceries while raising the gasoline tax. Republican senators voted to advance the measure, which they say will boost economic activity in Mississippi. Democrats on the committee argued cutting the income tax while raising the gas tax would benefit c…

1 day ago

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