By JEFF AMY
JACKSON, Miss. (AP) - Gov Phil Bryant has signed a new law that changes how Mississippi state government collects taxes.
Bryant signed the bill Thursday at the annual meeting of the Mississippi Economic Council. That state chamber of commerce was a prime force in lobbying for changes.
A key part of the law could make it harder for Mississippi to force multistate corporations to pay more income tax in the state.
The Department of Revenue has estimated all changes in the bill, including a phase-in of lower interest rates for overdue taxes, could cost Mississippi $100 million a year.
However, Bryant says tax fairness and being friendly to business are more important than state revenue.
The measure grew from a court case that enhanced the state's ability to force out-of-state companies to pay more.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
LUMBERTON _ For a team that Coach Zach Jones said still is feeling its way along on offense, the Lumberton High School Panthers certainly did plenty enough right Friday night.More >>
We have new details in a rollover accident that sent four people, including a child and an infant, to the hospital Saturday.More >>
The 1997 Southern Miss football team is one that is talked about 20 years later. In fact, the University will honor the '97 Golden Eagles during USM's Conference USA opener against North Texas on Saturday. The Eagles finished 9-3 in 1997, claimed their second straight Conference USA title and knocked off Pittsburgh 41-7 in the Liberty Bowl.More >>