House and Senate pass bill to trim taxing powers

other_state_govBy Jeff Amy

Associated Press

JACKSON – Lawmakers are moving ahead with changes to tax collections that the state Department of Revenue warns could ultimately cost Mississippi more than $100 million a year.

Supporters, though, say the department’s tax collection powers put taxpayers at an unfair disadvantage, especially after a recent state Supreme Court decision. They also dispute whether the bill will decrease revenue by as much as the collection agency says that it will.

The House and Senate passed House Bill 799 Tuesday by large margins, sending it to Gov. Phil Bryant for his consideration.

While some parts of the bill have been compromised on, the key part of the bill could still make it harder for the state to rule that multistate corporations are paying too little in taxes to Mississippi