The Senate voted 38-7 Tuesday to prevent the board that governs the state’s public employee pension plan from increasing the rates government agencies pay to fund the system.
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Mississippi is in the process of phasing out the state’s income tax and one lawmaker is optimistic about the impact it will have on the economy. In 2022, Governor Tate Reeves signed the largest-ever tax cut in state history into law. Under the legislation, Mississippi’s personal income tax began slowly.
Lawmakers are now expecting that this year’s legislative session will need to be extended for a few additional days, as numerous big-ticket bills and budgets are still being discussed in both chambers. At this time, the House has voted to add two days to the current legislative session so the.