Mississippi Small Businesses Could See Millions in Tax Relief

Date: January 10, 2014

Related Content: News State Mississippi

JACKSON, Jan. 9, 2014–Here’s a look at some of the issues we’ll be supporting in the Mississippi Legislature:

  • A state self-employment tax deduction for income tax purposes, to coincide with  federal income tax law. Estimated savings: $10 million. The measure was recommendation of Gov. Haley Barbour’s Tax Study Commission.
  • A measure to exempt the first $20,000 of true value of business furniture, fixtures and equipment from the local government business personal property tax. Estimated savings to businesses: $29 million. This proposal was also put forth by Governor’s Barbour’s tax commission.
  • Language to limit the impact of “atmosphere of violence” and “violent nature” regarding premises liability lawsuits, to prevent our small businesses from being costly sued for something they could not in any way prevent or in which they have no control.
  • A technical amendment to current product liability law, to include a “designer” of a product, and thereby restore the act to its original legislative intent.
  • Legislation as may be proposed/recommended by the Mississippi Small Business Regulatory Review Committee regarding changes to the original act creating such committee and/or legislation related to current and/or recently proposed/approved regulations of various state agencies that create an excessive burden on small businesses or that would serve the best interests of good government.
  • A bill to amend state law to allow a streamlined adjudicatory proceeding for small businesses before certain state agencies; thereby cutting the cost and complexity of small business participation in adjudicatory proceedings by encouraging and allowing agencies to offer streamlined optional proceedings (e.g., mail, e-mail, telephone conferencing, Skype) to small businesses.
We’ll continue to oppose:

  • Excessive taxes and fees
  • A state department of labor;
  • The transfer of child-care facility licensing from the Department of Health to the Department of Human Services.
  • A state minimum or living wage law
  • Statutory and regulatory barriers that unduly limit competition, intrastate commerce, individual liberties and free enterprise; unnecessarily restrict entry into a profession or occupation
  • Health insurance mandates.
  • SNAP choice restrictions on certain foods or beverages
If you have questions about these or other issues affecting small business, contact NFIB/Mississippi State Director Ron Aldridge at 601-201-1323 or [email protected] 

Related Content: News | State | Mississippi

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