MAS Weekly Legislative Recap Newsletter

January 10, 2025

Regular Legislative Session

The 2025 Regular Legislative Session gaveled in at 12 noon on Tuesday January 7, 2025. This session is scheduled to last 90 days. The Deadline for making requests for general and constitutional amendments to be drafted is Wednesday January 15, 2025. Also, the deadline for introduction of general bills and constitutional amendments is Monday January 20^th.

December Revenue Collections Fall Short

On Monday January 6, 2025, The Mississippi Legislative Budget Office (LBO) released their monthly report disclosing the state’s revenue collection data. The report disclosed that December revenue collections were -$106 million or -15.9% below the legislature’s revenue estimates. The decline in corporate taxes was identified as a main contributor to the shortfall. State economist Corey Miller said that there were two (2) primary factors responsible for the stark decline in corporate taxes. One is that corporate profits were down in the third quarter of 2024, and the other factor is that changes in the state’s depreciation law had an impact.

Weekly Legislative Recap Zoom Call

Don't Forget! Next Friday, January 17

Please join us next Friday, January 17 at 10:30 am for our weekly legislative recap Zoom call.

Zoom Link:

https://us06web.zoom.us/j/3852299667?omn=82454456538

OR

To Dial In:

888.788.0099

Then Enter Meeting Id Number:

Meeting Id Number: 385 229 9667