ROXIE, Ms - The State of Mississippi has 82 Counties. Arkansas and Mississippi are tied for the most number of Counties within the United States. Franklin County sits within the confines of the Homochitto National Forest but has contributed over $546,000.00 (five hundred forty six thousand dollars) in Gas, Oil and Timber Severance Tax payments to the State of Mississippi Department of Revenue in the fiscal year ending on June 30, 2011 ... Severance Tax Payments in Gas was only $1,541.30 but Oil Severance Tax at $ 530,747.14 and Timber Severance Tax at $ 14,077.06 puts Franklin County's ranking as the 8th largest county of Oil and Timber Severance Tax payments out of the 82 counties.
Severance taxes are excise taxes on natural resources "severed" from the earth. They are measured by the quantity or value of the resource removed or produced.
The State of Mississippi Fiscal Year Ending June 30, 2011 Report is available at http://www.dor.ms.gov/docs/AnnualReport2011A.pdf or click here ..
Photo: Mississippi River Bridge, Vicksburg, MS
Taken by Lucas Crenshaw,
DOR Office of Information Technology
Mississippi Department of Revenue
J Ed Morgan
Commissioner of Revenue
1577 Springridge Road
Raymond, MS 39154
P.O. Box 22828
Jackson, MS 39225
Phone: (601) 923-7000
Website: www.dor.ms.gov
Date of Publication: December 2011
Source: FCNews Reporter, Ms Department of Revenue - Public Records
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