When the COVID-19 pandemic forced businesses to close or restrict their services in March and April 2020, all three cities in the Golden Triangle braced for a potentially crippling financial blow.
Lowndes County School District is standing by a local property tax request that could hike the tax rate by almost 10 percent. But Lowndes County Board of Supervisors may sue the district to keep that from happening.
Starkville aldermen on Tuesday debated raising property taxes by two mills in the Fiscal Year 2021 budget to offset an anticipated $1.1 million budget shortfall, with some aldermen who usually oppose tax increases firmly in favor of this one.
A “serious split” among aldermen on whether to raise the ad valorem tax rate caused them to delay voting on the budget Tuesday evening.
When the Mississippi Legislature convenes in January, Lowndes County officials will ask for the right to assess taxes on businesses operating on Golden Triangle Regional Airport land, a move that will restore $800,000 in revenue for the county and its school district.
Though President Donald Trump insists he did nothing wrong on his taxes, experts say he could be on the hook for tens of millions of dollars in civil fines if state and federal authorities substantiate a New York Times report that found he and his family cheated the IRS for decades.
The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed.
Americans are getting an extra day to file their taxes after key elements of the IRS website crashed on deadline day.
All seems to be going well with a local company nearly a year after city councilmen voted to approve an agreement to take care of about $76,000 in back taxes and late property note payments.
Mississippi residents could vote on a state lawmaker’s plan that would raise taxes and fees to pay for needed renovations to roads and bridges.