Mississippi Reconsidering A Furniture Tax Break

Posted by MCC on February 27th, 2010 at 07:00am

The legislators in Mississippi are reconsidering a bill that will provide much needed tax breaks in the furniture industry. It’s a second try for a proposal like the one that was earlier vetoed by Governor Haley Barbour at the surprise of the furniture industry.

The new bill includes some major differences that might make it more appealing to Governor Barbour. The new legislation that has already been passed by the Ways and Means committee will provide employers with a $2,000 tax break for all new hires and cut and sew jobs.

The earlier bill would have given that tax break to all cut and sew employees and would have cot an estimated $11 million. If passed the new bill will also require employees to work 35 hours weekly in order to qualify for the break.

Under Furniture News