Revised net profit tax passes first reading

The Harrison County Fiscal Court approved the first reading of the ordinance streamlining the occupational and net profits tax, including a $15,000 gross income threshold on taxing rental properties.

The move comes after the court has gone back and forth, discussing if and how to place a threshold or exemption on the previously untaxed area.

Tax administrator Melody Wright gave a presentation to magistrates demonstrating how different tax returns would lend to different net profits owed.

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