Earlier this month, the Mississippi House passed a Senate plan that would gradually eliminate the state income tax. Under the plan, the income tax will drop by 0.25% each year until 2030, when it ...

What they say Two of the state's largest tax revenue drivers are individual income and sales tax, which have so far this year brought in $2,074,338,539 and $2,612,892,413, respectively.

The remaining money would go into the state’s general fund. Add a new 15-cents-a-gallon excise tax on gasoline. The tax increase would be phased in at 5 cents a year over three years.

Mississippi lawmakers voted to do something that other GOP-led states have been talking about: eliminating the state income tax. But it's not clear where the state will get the money it needs.

The state will phase out its income tax, but it could take up to a decade for it to be fully gone. And the state was already reducing the tax based on a cut from 2022. Mississippi will have a 4% ...

Under the new Mississippi law, the income tax rate will drop from its current 4.4 percent by 0.25 percent annually, reaching 3 percent by 2030. After that, further reductions to zero will hinge on ...

Home Taxes State Tax Mississippi Tax-Free Weekend 2025 Just in time for Prime Day, Mississippi celebrated a tax holiday in July. Find out what back-to-school essentials were included.