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NFIB urges the Mississippi Legislature...

NFIB urges the Mississippi Legislature to ease tax burden on small businesses

By: Anne Summerhays - January 4, 2022

90.9% of NFIB members in MS support reducing, eliminating the inventory tax. 77.9% support reducing, eliminating the personal income tax.

As the Mississippi Legislature gavels into session today, Dawn McVea, State Director of the National Federation of Independent Business (NFIB), says that tax relief tops the small business agenda for this year’s session.

“It’s been a challenging couple of years for Main Street businesses, beginning with the pandemic and continuing with the labor shortage, breaks in the supply chain, and inflation,” Dawn McVea said.

NFIB’s positions on public policy are based on the position of its members as determined by its state and federal member ballots.

According to this year’s state ballot, 90.9% of NFIB members in the state support reducing or eliminating the inventory tax. 77.9% are in favor of lawmakers reducing or eliminating the personal income tax.

“Our members are urging their legislators to support measures that ease the tax burden on small businesses and make it easier for them to get through this crisis,” McVea said.

The possibility of eliminating or reducing Mississippi’s income tax is one of many key issues law makers will be discussing in the Mississippi 2022 legislative session.

Speaker Phillip Gunn discussed with Y’all Politics on Tuesday about the need to eliminate the Mississippi State income tax this session. He states that he backs the House plan but is not “married to it.” However, there are no other proposed plans.

About the Author(s)
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Anne Summerhays

Anne Summerhays is a recent graduate of Millsaps College where she majored in Political Science, with minors in Sociology and American Studies. In 2021, she joined Y’all Politics as a Capitol Correspondent. Prior to making that move, she interned for a congressional office in Washington, D.C. and a multi-state government relations and public affairs firm in Jackson, Mississippi. While at Millsaps, Summerhays received a Legislative Fellowship with the Women’s Foundation of Mississippi where she worked with an active member of the Mississippi Legislature for the length of session. She has quickly established trust in the Capitol as a fair, honest, and hardworking young reporter. Her background in political science helps her cut through the noise to find and explain the truth.