Skip to content

NFIB Urges Governor Reeves to Sign Small Business Tax Cuts (House Bill 531)

NFIB Urges Governor Reeves to Sign Small Business Tax Cuts (House Bill 531)

March 28, 2022 Last Edit: June 5, 2025

NFIB Urges Governor Reeves to Sign Small Business Tax Cuts (House Bill 531)

 

NFIB State Director Dawn McVea released the following statement today on House Bill 531, which passed the House and Senate on Sunday. The legislation would ease the financial pressure on Mississippi’s small businesses by reducing taxes:

“This is a big victory for Mississippi’s small businesses, which are struggling with a spike in fuel prices and soaring inflation. Our members had hoped the legislature would eliminate the state income tax altogether, but HB351 will eliminate the 4 percent tax bracket altogether and reduce the 5 percent tax bracket to 4 percent by 2026. That helps our members because most small businesses in the state are organized as pass-through entities, meaning owners pay taxes at the individual rather than the corporate rate.

“We want to thank House and Senate leaders for working together to reach this compromise and urge Governor Reeves to sign it into law.”

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

July 4, 2025
America’s Small Businesses Applaud President Trump, Congress…
Read More
United States Capitol Building Wide Shot
July 3, 2025
NFIB Thanks Congress for Passing Landmark Small Business Tax Re…
NFIB applauds Congress for passing the One Big Beautiful Bill Act, which in…
Read More
July 2, 2025
NFIB Key Votes One Big Beautiful Bill Act in U.S. Senate and Ho…
NFIB key votes the One Big Beautiful Bill Act in the 119th Congress and urg…
Read More
July 2, 2025
Small Business Owners Push Priorities in Capitol Hill Meetings
Over 80 small business owners attended NFIB’s annual Fly-In. They attende…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility