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News  |  Magnolia Tribune  • 
February 22, 2017

MS House Ways and Means chairman Smith kills HB 1733

Chairman: Bill with gas and tobacco taxes won’t go to House JACKSON – A Mississippi House chairman says he is backing off a proposal that could have led to higher gasoline and cigarette taxes. The Ways and Means Committee passed House Bill 1733 on Monday. It included vague provisions that could have been updated later…
News  |  Magnolia Tribune  • 
February 22, 2017

MS Senate passes bill that lowers the threshold to qualify for a fee in lieu of taxes for industry

Senate bill would cut property taxes for more industries JACKSON, Miss. (AP) – Mississippi senators want more industrial projects to qualify for property tax breaks. Senate Bill 2939, which passed the Mississippi Senate Tuesday, lowers the threshold to qualify for a fee in lieu of taxes from $100 million to $60 million. Under such an…