Skip to content
author profile image

Magnolia Tribune

This article was produced by Magnolia Tribune staff.
News  |  Magnolia Tribune  • 
April 19, 2016

Tax cut package passes Mississippi House, Senate

Lawmakers slash budgets, borrow, cut taxes The tax cut deal, starting in 2018, would begin phasing out the corporate franchise tax over 10 years and cost $260 million, and the 3 percent individual income tax bracket over five years, eventually costing $415 million. For the fiscal 2017 budget lawmakers continued to set on Monday, the…