The People of Mississippi want lower costs so they can afford to live a better life and raise their families for a better future. This special legislation will reduce the tax burden and cut costs for working and retired Mississippians and their families. Gipson’s plan will:
a. Cut Mississippi car tags in half through an enhanced state legislative tag credit fund. Taxpayers who own a vehicle 10 years or older will also be able to obtain a Permanent Tag for an affordable one-time flat fee;
b. Institute a new per-child tax credit on the purchase of new automobiles;
c. Expand the homestead exemption over a three-year period to reduce and cap or eliminate property taxes on Mississippi homeowners, beginning with senior citizens;
d. Establish a new tax credit for first-time homebuyers;
e. Support President Trump and adopt a Mississippi Ratepayer Protection Plan to guarantee all data centers pay their own way for electricity, not pass the costs on to Mississippi ratepayers;
f. Exempt sales tax for all baby items including infant formula, diapers, baby food and children’s over-the-counter medications;
g. Make childcare more affordable with a new income tax credit for working moms and dads with incentives for employers to adopt new childcare services;
h. Eliminate the marriage tax penalty by fully eliminating the state income tax in year one for all married couples;
i. Stabilize and fully-fund the State Public Employees Retirement System (PERS) for all State retirees, employees and teachers who have worked so hard for decades to earn a safe and secure retirement;
j. Accelerate the full repeal of the State income tax for individuals;
k. Having signed the Americans for Tax Reform’s Taxpayer Protection Pledge, Gipson will veto any new taxes, tax swaps or tax shifts.
