Categories: Mississippi News

Mississippi income tax elimination bill awaits governor’s approval

JACKSON, Miss. (WJTV) – A bill to eliminate Mississippi’s income tax is heading to Gov. Tate Reeves’ for his signature. However, a potential error in the trigger language of the bill is raising concerns for some lawmakers.

There was a motion to reconsider the error on the House floor on March 21, but the motion was tabled.

House Bill 1 would cut the income tax by a quarter of the percentage point each year, staring in 2027 with future cuts tied to economic growth. As it’s currently written with the potential error, the state would have $2.2 billion less in revenue through 2037 over a 12-year period.

Sponsored

“If you have 85% of the $400 million would be the trigger. Well, now it’s .85%, which means that that trigger would not go into effect in, say the next five, six or seven years. That trigger would go into effect this year, which means that we could come in here in January and be making it as large as $1 billion in cuts from our budget,” said House Minority Leader Robert Johnson III (D-District 94).

Reeves said on social media that he would sign the bill. He also said future tweaks can be made in future legislation.

rssfeeds-admin

Recent Posts

Rockford Fire Department investigates Saturday morning fire

The Rockford Fire Department is investigating a structure fire that occurred Saturday morning.

58 minutes ago

Everything Coming to Netflix in March 2026

Netflix in March means many exciting things: the Peaky Blinders movie, a new four-part dinosaur…

4 hours ago

Dallas driver dies in Callahan County crash on I-20

CALLAHAN COUNTY, Texas (KTAB/KRBC) - A Dallas man was killed early Friday morning following a…

6 hours ago

The Best Deals Today: Super Mario RPG, Death Stranding 2, Super Monkey Ball Banana Rumble, and More

The weekend is finally here, and new deals have popped up! There are quite a…

6 hours ago

Every LEGO Batman: Legacy of Dark Knight Set Releasing in March 2026

LEGO Batman: Legacy of the Dark Knight, a new take on the classic LEGO game…

6 hours ago

Polymarket defends its decision to allow betting on war as ‘invaluable’

It might be World War III, but at least I won $20. | Image: Polymarket…

7 hours ago

This website uses cookies.