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Mississippi governor signs bill eliminating state income tax

Governor Tate Reeves signed House Bill 1 into law on March 27, which eliminates the state income tax by 2030, potentially affecting future growth and spending strategies.
The law reduces the grocery sales tax from 7% to 5%, starting July 1, benefiting consumers.
It increases the gas tax incrementally from 18 cents to 27 cents by 2027, as part of the state's revenue adjustments.
The law reduces the individual income tax from 4.70% to 3% over time and may discontinue entirely with favorable economic conditions.

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Mississippi Gov. Tate Reeves Signs Legislation to Move Towards Eliminating Income Tax

Mississippi Gov. Tate Reeves (R) signed a bill into law on Thursday that would move towards eliminating the state's income tax and explained that the state would "no longer tax the work, the earnings, or the ambition of its people." The post Mississippi Gov. Tate Reeves Signs Legislation to Move Towards Eliminating Income Tax appeared first on Breitbart.

5 days ago·United States

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WLTReport

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Republican Governor Signs Bill To Phase Out State Income Tax

Mississippi Gov. Tate Reeves signed legislation to eliminate the state’s income tax. “We did it, Mississippi! We just eliminated the income tax!” Reeves said. “Today, I was proud to sign into law a complete elimination of the individual income tax in the state of Mississippi. Let me say that again: Mississippi will no longer tax the work, the earnings, or the ambition of its people,” he added. We did it, Mississippi! We just eliminated the inco…

4 days ago

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100% FED UP!

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Republican Governor Signs Bill To Phase Out State Income Tax * 100PercentFedUp.com * by Danielle

Mississippi is taking a bold step forward as Governor Tate Reeves signs a landmark bill to eliminate the state income tax. Discover how this transformative legislation promises to reshape the economy and empower its citizens!

5 days ago

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Patriot Journal

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Mississippi Eliminates State Income Tax with New Law, Joining Nine Other Tax-Free States

American families have long felt the burden of excessive taxation. Hardworking citizens watch as more of their paychecks disappear each month. And let’s be honest... The post Mississippi Eliminates State Income Tax with New Law, Joining Nine Other Tax-Free States appeared first on Patriot Journal.

5 days ago

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tippinsights

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Mississippi Scraps Income Tax, Becomes The Role Model Blue States Can’t Ignore

The state of Mississippi is rarely in the news, and so it was today when a landmark change to state law, signed by Governor Tate Reeves, barely received a mention in the liberal press. Mississippi became the tenth state in the nation to abolish the income tax. In doing so, the Magnolia State joined Alaska, Florida, Nevada, New Hampshire (which does not tax earned income but does tax interest and dividends), South Dakota, Tennessee, Texas, Washin…

5 days ago

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TrendingPolitics

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NEW: Red State Eliminates Income Taxes

Mississippi has officially joined the small group of states that do not tax personal income. Governor Tate Reeves signed House Bill 1 — dubbed the “Build Up Mississippi Act” — into law Thursday, eliminating the state’s individual income tax through a phased-in process over the next several years. “I am proud to sign into law a complete elimination of the individual income tax in the state of Mississippi,” Governor Tate Reeves (R-MS) said. “Let m…

6 days ago

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