Bigger Really Is Better in Mississippi
- Sales Tax News
- Aug 21, 2015 | Gail Cole
The bigger you are, the more sales tax revenue you’ll collect. At least, that seems to be the case in Columbus, Mississippi, which is on track to amass more than $9.24 million in sales tax revenue in the last budget year.
The city has never brought in more than $9 million in sales tax revenue during a twelve-month period. The current windfall is attributed to two factors: “a spurt of retail growth” and the annexation of three square miles in the fall of 2014.
The annexation brought 1,462 more residents to Columbus, increasing the population to more than 25,000. 44 businesses were also brought under Columbus’ wing.
Annexations affect sales tax compliance. Automated sales tax Software-as-a-Service (SaaS) simplifies sales tax compliances for businesses in all states. Learn more.