Mississippi reconsiders furniture tax break
By Furniture Today Staff -- Furniture Today, February 22, 2010
TUPELO, Miss. —
Mississippi legislators are weighing a bill to provide tax incentives for the furniture industry, a new try at a proposal like one earlier vetoed by Gov. Haley Barbour, the Northeast Mississippi Daily Journal reported.
The newspaper said last week that there are differences in the new plan that may make it more palatable to the governor, who surprised furniture boosters when he vetoed the earlier bill.
The legislation passed by the Ways and Means committee last week would give employers for a $2,000 tax break for new hires for cut-and-sew jobs. A previous proposal would have provided the same break for all cut-and-sew employees, at an estimated cost of $11 million.
The new act also would require employees to work 35 hours a week to qualify for the break, while the earlier proposal required 30 hours.
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Mississippi revives furniture tax break proposal
Feb 18, 2010
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