Tax bill aimed at helping small businesses

In a rarity for a freshman lawmaker, Rep. Robert Foster, R-Hernando, not only got one of his first bills through both chambers of the Mississippi Legislature but it’s been signed into law by Gov. Phil Bryant.

The bill, which doesn’t feature a “catchy’ name like many bills, is simply known as House Bill 1560.

The bill, which will go into effect as a new law on July 1, 2016, is aimed at relieving small businesses from having to undergo costly and in many cases unnecessary audits every four years by the Department of Revenue, according to Foster.

Desoto Times
5/16/16