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Mississippi tax overhaul: Hosemann says Senate will analyze House plan


JACKSON, Miss. Mississippi Lt. Gov. Delbert Hosemann said Monday that the state Senate will thoroughly examine a House bill that proposes several significant changes in state tax rates.
Hosemann, a Republican, said during an online press forum that he has asked certified public accountants and the state economist to analyze House Bill 1439, which is more than 300 pages long.
“I have concerns about raising anybody s taxes,” Hosemann said. “There are significant things to discuss here.”
What House Bill 1439 would do
The bill would phase out the personal income tax and cut the 7% grocery tax in half over several years. It would also increase several other taxes, including the state sales tax on most items, which would go from the current 7% to 9.5%. Tax rates would increase on items including cars and trucks, cigarettes, alcohol, farm equipment and manufacturing equipment. ....

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