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Senate bill would cut property taxes for more industries

JACKSON, Miss. (AP) - Mississippi senators want more industrial projects to qualify for property tax breaks.

Senate Bill 2939, which passed the Mississippi Senate Tuesday, lowers the threshold to qualify for a fee in lieu of taxes from $100 million to $60 million.

Under such an arrangement, the Mississippi Development Authority negotiates a tax rate as low as one-third of normal taxes, for up to 10 years. The breaks had been reserved for very expensive developments.


Posted February 22, 2017 - 1:43 am

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