The Mississippi Legislature is moving forward with Gov. Tate Reeves’ proposal to eliminate the state’s personal income tax, but its reliance on other taxes to make up for the lost revenue is a potential stumbling block.
The House passed the measure 85-34 Tuesday, moving it to the Senate for further action.
“Our goal is to keep the budget stable,” House Speaker Philip Gunn (R) said in a news conference before the vote.
The income tax typically generates nearly $2 billion annually, comprising a third of the state’s general fund. To make up for the loss, the bill (H.B. 1439...