Miss. House OKs list of tax breaks for businesses

Published on NewsOK Modified: February 27, 2013 at 9:39 am •  Published: February 27, 2013
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— House Bill 1679, to give licensed builders or remodelers a sales tax exemption for concrete and asphalt for use in residential construction.

— House Bill 1594, to give a property tax exemption for pollution control equipment mandated by federal law.

— House Bill 1621, to give sales tax and property tax exemptions for equipment used to deploy broadband technology.

— House Bill 566, to authorize an income tax credit for a business to relocate to Mississippi or to expand in the state.

— House Bill 1680, which would define some scrap-metal recycling activities as manufacturing, which could lead to tax breaks for businesses.

— House Bill 1591, sponsored by Frierson, which would allow refundable income and franchise tax credits for the costs of buying and installing solar energy systems or energy efficiency services.

The bill won an unusual cross-section of support from lawmakers who often find themselves on opposite sides of issues, including Republican Rep. Mark Formby, of Picayune, and Democratic Rep. David Baria, of Bay St. Louis.

— House Bill 992, which says any newly licensed physician or nurse practitioner who sets up practice in a medically underserved area would not have to pay income tax on earnings above $100,000 a year. Republican Gov. Phil Bryant proposed this as an incentive to lure medical professionals to rural areas.

Rep. Steve Holland, D-Plantersville, said nurse practitioners are the main health care providers in small towns because physicians can make more money in bigger cities.

"The raw fact of the matter is, doctors don't want to practice in rural Mississippi," said Holland, who voted against the bill. "I am not opposed to doctors, but we're whistling 'Dixie' is what we're doing with this bill."

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Follow Emily Wagster Pettus on Twitter: http://twitter.com/EWagsterPettus

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