A bill that phases out the state income tax, cuts the state grocery tax and raises sales taxes and gasoline taxes has passed the Mississippi House with a bipartisan vote.
A Mississippi tax bill is touted to trim $2.2 billion in state tax. The plan would also result in an increase in transportation funding.
The Mississippi House passed a massive tax reform bill on Thursday, January 16. Lawmakers passed the “Build Up Mississippi Act” (House Bill 1) by a vote of 88-24. House Bill 1, authored by Rep. Trey Lamar’s (R-District 8),
Nine states reduced their tax rates effective Jan. 1, 2025, and one eliminated its income tax. Find out if you live in one of the states making big changes.
“We will Build Up Mississippi by eliminating the income tax to further our state’s competitive advantage and award our workforce,” House Speaker Jason White wrote on social media.
The Mississippi House of Representatives will likely move on an ambitious $1.1 billion tax cut package this week, touting enormous cuts to the personal income and grocery sales taxes and adding ...
said the Tax Foundation in a report. The five other states that followed Arizona were Iowa, Mississippi, Georgia, Idaho and Louisiana, and flat-rate efforts were seriously considered, but not adopted, in Kansas, Missouri and Oklahoma. That has brought the ...