Legislature seeks ways to eliminate state income tax in Mississippi – FOX13 News Memphis
DESOTO COUNTY, Miss. – How does a little more jingle in your pocket sound? This could be the case if you live in Mississippi.
The Mississippi state legislature continues to seek a way to eliminate state income tax.
Several northern Mississippi residents told FOX13 that any tax money they didn’t have to pay would be money they could spend elsewhere, which would be good for the state.
“I think that would be good,” said Bennie Connor of Potts Camp. “We have enough sales tax to take care of the state, and income tax is personal, and we pay a lot of property taxes on different things, so I don’t think it would be a bad thing to s get rid of it. ”
The legislator continues to consider ways to reduce income tax over several years.
One possible solution would be to increase sales tax on non-essential items.
Connor says the Legislature needs to tighten its belts.
“There is a lot of waste. If they just protected the money paid, they would have enough to do what they want to do,” Connor said.
Governor Tate Reeves and other state leaders say the state’s strong reserve fund is a reason to reduce or completely eliminate state income tax.
The reserve has increased recently in part due to one-time federal COVID relief funds. This has created some concern in the Legislative Assembly that some programs may suffer and have to be cut in the future if income tax is reduced.
Byhalia’s Johnnie Hardaway doesn’t like the idea of a state income tax cut.
“Yeah. If they cut them, it would affect a lot of things, and that’s not a good idea,” Hardaway said.
Byhalia’s Florence Keel said if her state’s taxes were cut, she knew exactly where she would spend them.
“The grocery store. Piggly Wiggly. So that’s where I would spend it – the grocery store,” Keel said.
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