Sales tax returns hold steady

By REGGIE ROSS
Staff Writer

The common theme for area sales tax numbers is that they have remained steady at the $360,000 mark four months into the fiscal year.
For November, Grenada collected $360,525, down $2,283 and a decrease of 0.6 percent.
Grenada’s year-to-date eclipsed the $2 million mark and sits at $2.17 million. Those numbers are slightly down, $25,900, from last year at 1.1 percent.
Sales tax returns for cities run two months behind the actual calendar year.
According to the Miss. Department of Revenue, sales taxes have a three-month cycle. In month one, taxes are collected by the retailer. In month two, the taxes are paid to the department of revenue by the retailer. In the third month, the sales tax diversion is paid by the department of revenue to the cities.
“That makes me feel good, and it’s great that people are shopping Grenada,” said Mayor Billy Collins. “I’ve always said we’re the hub of Central Mississippi. People have been out and shopping Grenada, and we thank our neighbors from adjacent counties for shopping here. With lake crappie tournaments soon coming we hope to see our sales and tourism tax continue to increase.”

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