Governor renews call for income tax elimination in his latest budget proposal ...Middle East

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Governor renews call for income tax elimination in his latest budget proposal
Gov. Tate Reeves renewed his call to eliminate the personal income tax, a major source of state revenue, in the first budget proposal of his second term. The Republican governor’s proposal would phase out the income tax, which currently accounts for about 30% of the state general fund, by 2029. An earlier $525 million cut in the income tax, passed during Reeves’ first term, is currently being phased in. “My objective this year is to keep our state’s momentum going — for all Mississippi,” Reeves said in a statement. Overall, Reeves is proposing a state-support budget of $7.96 billion — an increase of $120 million or 1.5% over the budget passed by the Legislature and signed into law

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