Wicker Says Tax Relief Bill Helps Mississippi
Press Release
Wicker Says Tax Relief Bill Helps Mississippi
Senator Says Bill Includes Funding for Rural Schools and Incentives for Gulf Coast Rebuilding and Mississippi Energy Production
U.S. Senator Roger Wicker, R-Miss., today said that legislation approved by the Senate includes provisions helpful to Mississippi and provides much-needed tax relief to Americans at a time of economic anxiety. The bill was a collection of numerous tax provisions that have expired or are set to expire without Congressional action.
"This is a bipartisan achievement for American taxpayers," Wicker said. "By extending numerous tax relief provisions important to job creation and to keeping tax bills small for American families, this bill provides good economic news at just the right time for our country. Additionally, this legislation will help break America's dependence on foreign oil by extending tax incentives for companies that produce renewable energy from wind, solar, and biomass."
Wicker said that the legislation also contains a number of provisions beneficial to Mississippi. Specifically, the senator highlighted the reauthorization of the Secure Rural Schools and Community Self Determination Act, the extension of the historic tax credit that was contained in the Gulf Opportunity Zone Act of 2005, and the inclusion of tax incentives to encourage enhanced oil recovery (EOR) efforts in the state.
"Just as the tax relief in this bill is helpful to our nation's economy, it also contains provisions that are of extra benefit to Mississippians," Wicker said. "I've worked hard to get an extension of the Secure Rural Schools Act, and am glad it was included in this bill as a way to help provide needed funding to counties all across Mississippi that contain a large amount of un-taxable federal land. Also of importance to our state, the measure extends historic tax credits contained in the GO Zone Act to help the ongoing rebuilding efforts on the Gulf Coast. Additionally, tax incentives for enhanced oil recovery will be a great benefit to the EOR projects in Mississippi, helping produce more domestic energy and create good jobs for Mississippians."
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