Lawmakers pass new income tax credit legislation
JACKSON — A bill to give businesses a larger income tax credit when they pay inventory taxes is headed to Mississippi Gov. Phil Bryant. The final version of Senate Bill 2934 passed the Senate...
View ArticleFormer tax service owner’s conviction upheld
HOLLANDALE — The conviction of the owner of a Mississippi income tax service has been upheld by a federal appeals court. Mary Wesley of Hollandale was convicted in 2011 of filing doctored tax returns...
View ArticleFeds wants tax company shut down for multi-state offenses
MEMPHIS, Tenn. — Federal prosecutors are seeking to shut down a Memphis-based company on claims it prepared false tax returns in at least three states. The Department of Justice said it is suing Mo...
View ArticleTwo-dozen former IRS workers charged with theft
SOUTHAVEN — Twenty-four current and former Internal Revenue Service employees have been charged with stealing government benefits, federal prosecutors said today. The IRS employees were indicted on...
View ArticleState’s tax collections come in well over outlook
ACROSS MISSISSIPPI — Mississippi tax collections for the first quarter of the state’s fiscal year — July through August — are 5.9 percent above the estimate and $124.3 million, or 12.1 percent, above...
View ArticleLawmakers pass bills to increase corporate tax breaks
JACKSON — Businesses could be in line for more incentives in Mississippi, in addition to the more than $100 million in new tax breaks the Legislature has passed over the past two years. The House Ways...
View ArticleBryant’s budget proposal includes income tax cut
JACKSON — Gov. Phil Bryant wants to cut income taxes for low-earning Mississippians as part of his 2016 budget proposal. Bryant, a Republican, said today that he’s seeking a $78.7 million tax cut for...
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