Mississippi considers "tax free holiday" for guns/ammo purchases.

Mississippi considers "tax free holiday" for guns/ammo purchases.

This is a discussion on Mississippi considers "tax free holiday" for guns/ammo purchases. within the In the News: The Good, the Bad and the Ugly forums, part of the The Back Porch category; Guess I need to start saving up my pennies for my "gun fund" again! Gonzo Lawmakers mull tax holiday for guns, ammo | clarionledger.com | ...

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Thread: Mississippi considers "tax free holiday" for guns/ammo purchases.

  1. #1
    Senior Member Array TheGreatGonzo's Avatar
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    Mississippi considers "tax free holiday" for guns/ammo purchases.

    Guess I need to start saving up my pennies for my "gun fund" again!
    Gonzo



    Lawmakers mull tax holiday for guns, ammo | clarionledger.com | The Clarion-Ledger

    Lawmakers mull tax holiday
    for guns, ammo

    Michael Newsom The Sun Herald February 19,
    2010

    GULFPORT Mississippi lawmakers are
    considering a two-day sales tax exemption for guns
    and ammunition in honor of "Second Amendment
    Weekend" which would come just before fall hunting
    seasons.

    Some said fear over revenue loss might derail the
    bill, which was filed by Rep. Warner McBride, D-
    Courtland. It has 39 co-sponsors. The House Ways
    and Means Committee hasn't taken up the bill.

    House Bill 1207 would waive sales taxes on rifles,
    shotguns, handguns and ammunition on Friday and
    Saturday of Labor Day weekend.

    The National Rifle Association and some hunting
    groups support "Second Amendment Weekends"
    which Louisiana and South Carolina have enacted.
    Sporting goods stores in Louisiana reported a boost
    during the tax holiday, according to the Baton
    Rouge Advocate.

    Rep. Dirk Dedeaux, D-Sellers, a co-sponsor of the
    bill, said Mississippi might be able to attract out-of-
    state shoppers on Second Amendment Weekend
    because they could find big savings on gun and
    ammo purchases just before several fall hunting
    seasons open. Dedeaux hopes they also would buy
    other hunting supplies that wouldn't be covered by
    the sales tax exemption, which might create more
    revenue.

    "It's a significant savings for anybody that takes
    advantage of it," Dedeaux said. "Our logic is M
    ississippi has borders all around us and
    hopefully, we would be a destination for people to
    come and get stocked up."

    Dedeaux said he would prefer it only apply to
    ammunition, which he suspects would be the most
    popular item, instead of guns sales. He and others
    also said they might favor an amendment putting a
    limit on the size of the purchase that would qualify
    for the tax break.

    In 2009, Mississippi joined more than a dozen
    other states offering sales tax holidays, when it
    exempted clothes and footwear priced under $100
    for a weekend. Advocates at the time said
    Mississippi was losing shoppers to neighboring
    states that already had the sales tax holidays in
    place for back-to-school shoppers.

    Some tax research groups oppose sales tax
    holidays, including the Tax Foundation, a
    Washington-based organization that describes itself
    as "a nonpartisan educational organization."

    In a 2009 report, the Tax Foundation says claims
    about such sales tax holidays boosting the
    economy are often overblown.

    "Politicians and other supporters routinely claim
    that sales tax holidays improve sales for retailers,
    create jobs and promote economic growth," the
    report said. "Despite their political popularity, sales
    tax holidays are based on poor tax policy and
    distract policymakers and taxpayers from real,
    permanent, and economically beneficial tax reform."

    The Tax Foundation also said tax amnesty days are
    "political gimmicks" that distract lawmakers from
    tackling deeper tax issues.

    "If a state must offer a holiday from its tax system, it
    is a sign that the states tax system is uncompetitive,"
    the report said. "If policymakers want to save money
    for consumers, then they should cut the sales tax
    rate year-round."
    "Skin that smokewagon!".


  2. #2
    Distinguished Member Array Rugergirl's Avatar
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    Quote Originally Posted by TheGreatGonzo View Post
    Guess I need to start saving up my pennies for my "gun fund" again!
    Gonzo



    Lawmakers mull tax holiday for guns, ammo | clarionledger.com | The Clarion-Ledger

    Lawmakers mull tax holiday
    for guns, ammo

    Michael Newsom The Sun Herald February 19,
    2010

    GULFPORT Mississippi lawmakers are
    considering a two-day sales tax exemption for guns
    and ammunition in honor of "Second Amendment
    Weekend" which would come just before fall hunting
    seasons.

    Some said fear over revenue loss might derail the
    bill, which was filed by Rep. Warner McBride, D-
    Courtland. It has 39 co-sponsors. The House Ways
    and Means Committee hasn't taken up the bill.

    House Bill 1207 would waive sales taxes on rifles,
    shotguns, handguns and ammunition on Friday and
    Saturday of Labor Day weekend.

    The National Rifle Association and some hunting
    groups support "Second Amendment Weekends"
    which Louisiana and South Carolina have enacted.
    Sporting goods stores in Louisiana reported a boost
    during the tax holiday, according to the Baton
    Rouge Advocate.

    Rep. Dirk Dedeaux, D-Sellers, a co-sponsor of the
    bill, said Mississippi might be able to attract out-of-
    state shoppers on Second Amendment Weekend
    because they could find big savings on gun and
    ammo purchases just before several fall hunting
    seasons open. Dedeaux hopes they also would buy
    other hunting supplies that wouldn't be covered by
    the sales tax exemption, which might create more
    revenue.

    "It's a significant savings for anybody that takes
    advantage of it," Dedeaux said. "Our logic is M
    ississippi has borders all around us and
    hopefully, we would be a destination for people to
    come and get stocked up."

    Dedeaux said he would prefer it only apply to
    ammunition, which he suspects would be the most
    popular item, instead of guns sales. He and others
    also said they might favor an amendment putting a
    limit on the size of the purchase that would qualify
    for the tax break.

    In 2009, Mississippi joined more than a dozen
    other states offering sales tax holidays, when it
    exempted clothes and footwear priced under $100
    for a weekend. Advocates at the time said
    Mississippi was losing shoppers to neighboring
    states that already had the sales tax holidays in
    place for back-to-school shoppers.

    Some tax research groups oppose sales tax
    holidays, including the Tax Foundation, a
    Washington-based organization that describes itself
    as "a nonpartisan educational organization."

    In a 2009 report, the Tax Foundation says claims
    about such sales tax holidays boosting the
    economy are often overblown.

    "Politicians and other supporters routinely claim
    that sales tax holidays improve sales for retailers,
    create jobs and promote economic growth," the
    report said. "Despite their political popularity, sales
    tax holidays are based on poor tax policy and
    distract policymakers and taxpayers from real,
    permanent, and economically beneficial tax reform."

    The Tax Foundation also said tax amnesty days are
    "political gimmicks" that distract lawmakers from
    tackling deeper tax issues.

    "If a state must offer a holiday from its tax system, it
    is a sign that the states tax system is uncompetitive,"
    the report said. "If policymakers want to save money
    for consumers, then they should cut the sales tax
    rate year-round."
    Sadly the governor of my state doesn't realize the part I bolded
    Disclaimer: The posts made by this member are only the members opinion, not a reflection on anyone else, nor the group, and should not be cause for anyone to get their undergarments wedged in an uncomfortable position.

  3. #3
    Senior Moderator
    Array HotGuns's Avatar
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    I'll take any break I can get.
    I would rather stand against the cannons of the wicked than against the prayers of the righteous.


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  4. #4
    VIP Member Array Stevew's Avatar
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    Another J frame, Spingfield EMP 40cal, Blackhawk 44 mag, Colt 1911, look how much money I saved honey.
    Good people do not need laws to tell them to act responsibly, while bad people will find a way around laws. Plato

  5. #5
    Member Array CplVargas's Avatar
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    I live in West Alabama. Sign me up!

  6. #6
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    Better than a 'sharp stick in the eye'...it's a start.
    I applaud the state if it follows through with this idea.
    The last Blood Moon Tetrad for this millennium starts in April 2014 and ends in September 2015...according to NASA.

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  7. #7
    Senior Member Array TheGreatGonzo's Avatar
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    Quote Originally Posted by CplVargas View Post
    I live in West Alabama. Sign me up!
    I figure there might be more than a few LA, AL, TN, and AR residents who come over to do some serious ammunition shopping if this day comes to pass!
    "Skin that smokewagon!".

  8. #8
    GM
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    That was awesome!
    "The Second Amendment: America's Original Homeland Security"

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