Mississippi lawmakers to propose one-time tax rebate in 2023 – SuperTalk Mississippi

The Mississippi legislature handed the most important tax minimize in state historical past throughout the latest session, and despite difficult financial occasions, they’ve managed a $1.5 billion surplus.

Not less than two lawmakers – Lt. Governor Delbert Hosemann and Senate Appropriations Chairman Briggs Hopson – suppose it’s time to offer a few of that cash again.

“I proposed final 12 months, and I’ll suggest this 12 months a tax rebate, which is a one-time cost. You’re not going to interrupt the funds by doing that. We all know there are sufficient funds to have the ability to make the most of that,” Hopson mentioned. “I really feel like, particularly if we find yourself in a recession subsequent 12 months, the chance to get some funds out and get it in folks’s pockets will assist them take in a number of the excessive prices of merchandise.”

Hosemann backed Hopson in providing a one-time rebate to Mississippi’s taxpayers, saying that the state is in the perfect financial form it’s been in since 1817.

“We’re going to offer them a few of their a refund,” Hosemann mentioned. “And it must be given again to them.”

As for a way a lot can be return into the pockets of taxpayers, Hopson mentioned it could depend upon revenue.

“Anyone that paid an revenue tax would get some measure of aid, after which, there can be a cap on the highest finish.”

The complete interviews with each Hosemann and Hopson may be watched beneath.