Mississippi revives furniture tax break proposal
Governor vetoed earlier bill
Furniture Today Staff -- Furniture Today, February 18, 2010
TUPELO, Miss. — State legislators plan to send a new bill that provides tax incentives for the furniture industry, a proposal earlier vetoed by Gov. Haley Barbour, the Northeast Mississippi Daily Journal here reported.
The newspaper said there are differences in the legislation that may make it more palatable to the governor, who surprised furniture boosters when he vetoed an earlier bill.
The new legislation passed by the Ways and Means committee Wednesday provides for a $2,000 tax break for new hires for cut-and-sew jobs. Previous proposals provided the same amount of money for all employees in cut-and-sew jobs, and was estimated to cost the state $11 million.
The new act also provides requires cut-and-sew workers to work 35 hours a week instead of the earlier proposal that required only 30.
The paper said that 8,000 furniture jobs have been lost in the last 10 years, many of them cut-and-sew.
Click here to read the Daily Journal story.
-
Mississippi reconsiders furniture tax break
Feb 22, 2010
Featured Company
-
Brandwise Inc.
Brandwise serves a model - not just an industry - by integrating, automating, and optimizing the entire sales channel, from wholesale Suppliers to their Reps and the Retailers they service. In short, our software helps Reps and Suppliers sell more and create... more
VIEW ALL GALLERIES
