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Mississippi House passes income tax elimination plan

  • A bill to phase out the state income tax and adjust grocery and sales taxes passed the Mississippi House with a bipartisan vote of 88-24.
  • The plan reduces the income tax rate from 4% to 3% next year and aims for complete elimination in ten years.
  • It introduces a new 5% gasoline tax to fund transportation, expected to generate $400 million annually.
  • Some lawmakers express concerns about the plan's impact on poorer citizens and the need for careful tax restructuring.
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