Mar 31, 2021BoardMeeting
BoardMississippi Association of Supervisors Elective
The discussion focused on the treatment of county-owned vehicles used by elected officials as a fringe benefit, an issue under scrutiny by the IRS for over 30 years. The presentation covered the requirements for a vehicle to be considered a qualified non-personal use vehicle, which would exempt it from being treated as taxable income. Additionally, there was a discussion about payroll tax and potential social security monies that may or may not have to be paid for COVID-related wages.