Mississippi to Eliminate State Income Tax, Bringing Major Relief to Taxpayers

Mississippi Governor Tate Reeves is set to sign legislation into law on Thursday, marking a significant move towards eliminating the state's income tax and providing relief for taxpayers. The state will begin incrementally reducing its income tax rate, with a goal of eventually eliminating it altogether. This change aims to boost economic growth and make Mississippi more competitive in the region. As the only deep red state in the US without an income tax, this move is being hailed as a major development.