As session ends, talk turns to tax study

Within minutes of the 2016 session ending Thursday replete with the largest tax cut in the state’s history, House Speaker Philip Gunn, R-Clinton, committed to trying to pass comprehensive tax reform in the coming years.

On the other side of the state Capitol, Lt. Gov. Tate Reeves, the primary champion of the Taxpayer Fairness Act, which passed this session and that he touted as comprehensive tax reform, did say he supported the speaker’s effort of additional study of the tax structure for possible revisions.

When asked why the Legislature passed the bill to reduce taxes $415 million (about 8 percent of the total state general fund) over 11 years, if he wanted to undertake “comprehensive tax reform” in the coming years, Gunn said “That is why it was delayed for two years” from being enacted.

“You are talking about two of all the taxes,” he said. “My hope is to put it off two years and do a comprehensive approach.”

Daily Journal