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Opinion

Opinion  |  Sarah Ulmer  • 
March 27, 2022

Lawmakers strike a deal on historic cut of Mississippi state income tax

The plan will eliminate the 4% bracket over four years and step down the 5% bracket over six years.  UPDATE March 27, 4:00 p.m.:  On Sunday, after a procedurally required hold on the filed conference report the House and Senate both adopted the report on the floor late in the afternoon. The House passed the…
Opinion  |  Sarah Ulmer  • 
March 25, 2022

In light of new revenue estimate adoption, Gunn says Reeves’ income tax elimination plan to be placed in conference report

Hosemann asserts State Economist isn’t always accurate on estimate numbers as members move to adopt new revenue estimates at almost $6.8 billion.  At the cusp of conference weekend, the Joint Legislative Budget Committee met on Friday to present and adopt the State Economists’ new revenue estimates for FY 2022 and FY 2023. This adoption of…