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VOL. 129 | NO. 27 | Monday, February 10, 2014

Mississippi Bill Could Allow Companies to Pay Less Tax

JEFF AMY | Associated Press

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JACKSON, Miss. (AP) – Some Mississippi lawmakers want to make it harder for the state to question the taxes of multistate corporations.

The state House voted 113-2 Friday to approve House Bill 799 (http://bit.ly/1ngrDh8), 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.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 313 4,762
MORTGAGES 97 409 6,640
FORECLOSURE NOTICES 34 147 1,475
BUILDING PERMITS 0 705 11,294
BANKRUPTCIES 53 311 4,525
BUSINESS LICENSES 41 177 1,983
UTILITY CONNECTIONS 64 436 6,253
MARRIAGE LICENSES 19 132 1,373

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