Bill Could Allow Mississippi Companies to Pay Less Tax

By: The Associated Press
By: The Associated Press

Jackson, Miss.
Some Mississippi lawmakers want to make it harder for the state to question the taxes of multi-state corporations.

The state House voted 113-2 Friday to approve House Bill 799, which now goes to the Senate.

The bill would require a higher standard of proof before the Mississippi Department of Revenue could require companies to report income across all states.

Such combined reporting can prevent companies from avoiding Mississippi taxes by shifting income to other states, including those with no corporate income tax.

Department of Revenue spokeswoman, Kathy Waterbury, says the bill poses administrative problems. It would require the department to mail certified letters to every taxpayer it rules against.


WTOK-TV 815 23rd Ave Meridian, Ms. 39301 Phone: (601) 693-1441
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 244360891 - wtok.com/a?a=244360891
Gray Television, Inc.