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Oil companies offer $382M for offshore drilling rights in last sale before 2025

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www.wxxv25.com – WXXV Staff – 2023-12-20 15:26:50

SUMMARY: Oil companies bid $382 million for drilling rights in the Gulf of Mexico after courts rejected the Biden administration’s plans to reduce the sale to protect an endangered whale species. This was the last offshore oil and gas lease sale mandated under a 2022 climate law, and it comes as the administration tries to balance the interests of energy companies and environmental activists. The auction saw companies like Chevron, Hess, and BP offering bids on more than 300 parcels, marking a significant increase from previous sales. The next sale won’t be until 2025, causing frustration among energy companies and Republicans. Environmental groups criticized the 5-year plan as a missed opportunity to stop oil and gas drilling in the Gulf of Mexico.

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Mississippi Senate advances its tax overhaul

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www.wxxv25.com – WXXV Staff – 2025-02-21 12:48:00

SUMMARY: The Senate Finance Committee has advanced legislation to reduce Mississippi’s income tax and grocery sales tax while increasing the gasoline tax. Republican senators argue these changes will stimulate the economy, proposing to decrease the flat 4% income tax to 2.99% over four years. Democrats, however, claim this disproportionately benefits corporations and harms low-income individuals. The Senate’s plan represents a $326 million net tax cut, less than the House’s $1.1 billion proposal, which seeks complete income tax elimination. The Senate also aims to lower the grocery tax from 7% to 5% by July 2026 and raise the gasoline tax to address highway maintenance funding.

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Gulfport man gets 50 years for manslaughter and drive-by shooting

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www.wxxv25.com – WXXV Staff – 2025-02-20 15:10:00

SUMMARY: Jermaine Mayers, 21, pled guilty to manslaughter and a drive-by shooting, receiving a 50-year sentence, with 10 years suspended, leaving 40 years to serve in prison. The manslaughter charge stemmed from the 2021 shooting of Jacoby Bolton in Wiggins, where Mayers admitted to killing Bolton, believing he was armed. The drive-by shooting in Gulfport involved Mayers shooting three victims in April 2021. He was sentenced to 20 years for manslaughter and 30 years for the drive-by, with the sentences running consecutively. After serving his time, Mayers will undergo five years of post-release supervision.

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Tax season has begun. Here’s when you’ll get your refund

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www.wxxv25.com – WXXV Staff – 2025-02-18 12:20:00

SUMMARY: Tax season has begun, with the IRS expecting 140 million returns by April 15. The agency has introduced an online tool, “Where’s My Refund?”, to help taxpayers track their refunds. E-filers typically receive refunds within 21 days, while paper filers may wait up to four weeks. Refunds can be claimed if you paid excess taxes or qualify for credits like the Earned Income Tax Credit (EITC) or Child Tax Credit. New this year, the IRS expanded its Direct File program, allowing some taxpayers to file directly with the IRS without commercial software, now available in 25 states.

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