NFIB Statement on Hosemann and Harkins's Plan to Reduce the Individual Income Tax

Date: February 02, 2022

NFIB State Director Dawn McVea released the following statement today in response to Lt. Gov. Delbert Hosemann and state Sen. Josh Harkins’s plan to greatly reduce Mississippi’s individual income tax:

“While their proposal falls short of completely eliminating the individual income tax, it’s a big improvement over what happened in 2021, when the Senate took no action at all. Our members truly appreciate Lieutenant Governor Hosemann and Senator Harkins for getting the ball rolling in the Senate.

“Eliminating the individual income tax would have a big impact on Mississippi’s small businesses because many small businesses in the state are organized as pass-through entities and pay taxes at the individual rate. 

“Eliminating the individual income tax would free up funds that owners could use to add jobs, increase wages, and expand their businesses.

“This is the first glimmer of hope Mississippians have had in two years when it comes to taxes. NFIB is ready to help the House and Senate work out a plan that achieves the goal of transformative tax reform in Mississippi.”

Related Content: Small Business News | Mississippi

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