Income tax cut expected to be a top priority as Kentucky lawmakers convene for a 30-day Session
‘I think we can handle one more income tax reduction, especially with our economy booming.’
‘I think we can handle one more income tax reduction, especially with our economy booming.’
Gov. Tate Reeves has long said that Mississippi should eventually eliminate its income tax to compete with Florida, Tennessee and Texas, which don’t levy the tax.
The money involved comes from an account meant to provide property tax relief. Sales tax goes into the fund, and a boom in spending during and after the COVID-19 pandemic has left the account flush with cash.
Senate Majority Leader Scott Surovell told reporters in a video call after Youngkin’s speech that lawmakers would be closely scrutinizing the Governor’s amendments.