Amnesty Idea Apparently Works

By: Associated Press
By: Associated Press

A statewide tax amnesty program has brought in more than $1.3 million. The Mississippi State Tax Commission began the program on Sept. 1.

Officials expect $2 million will be raised by the time the program ends Dec. 31.

Lawmakers authorized the program during the 2004 regular legislative session. It was part of a larger bill aimed at increasing state revenues and cutting costs.

The money collected thus far, which has been placed in the state treasury, was primarily payments for income tax and use tax.

A use tax is like a sales tax. Items purchased out of state for use in businesses in the state are still subject to a seven percent sales tax.

The amnesty program applies to individual and corporate income taxes, sales tax and withholding tax.


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