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Harrell’s Tax Haven Bill Sparks Senate Showdown, Jackson MS, 1908

On February 14, 1908, the Mississippi Senate witnessed a heated debate over the passage of the Harrell bill, a measure aimed at exempting loans from taxation if the interest rate is 8% or less. The contentious bill sparked a lively skirmish among senators, with some arguing it would affect revenue and potentially contravene constitutional law. Despite the opposition, the bill narrowly passed with an 18-14 vote, raising eyebrows among lawmakers and observers alike.

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