Mississippi Code
Article 1 - Income Tax
§ 27-7-19. Items not deductible

In computing net income, no deductions shall, in any case, be allowed in respect of:
Personal, living or family expenses.
Any amount paid out for new buildings or permanent improvements or betterments made to increase the value of any property or estate, except in computing the net income from sale of such property.
Any amount expended in restoring property or making good the exhaustion thereof for which an allowance is, or has been, made.
Premiums paid on any life insurance policy of an officer or employee or to any persons financially interested in any trade or business carried on by the taxpayer when the taxpayer is directly or indirectly a beneficiary under such policy.
The shrinkage value of property by whatever name called.
Sums representing interest, rents, salaries or other sums paid under contracts or agreements between husband and wife.
Losses sustained or realized from transactions between husband and wife; parent and child; relations by blood or marriage (within the third degree computed according to the rules of the civil law); or individuals who have one common parent; or corporation and individual where the individual owns five percent (5%) or more of the stock of the corporation.

Structure Mississippi Code

Mississippi Code

Title 27 - Taxation and Finance

Chapter 7 - Income Tax and Withholding

Article 1 - Income Tax

§ 27-7-1. Citation of article

§ 27-7-3. Definitions

§ 27-7-7. Tax a debt

§ 27-7-9. Gain or loss on disposition of property

§ 27-7-11. Inventories

§ 27-7-15. Gross income defined

§ 27-7-16. Gross income; treatment of employees' pension trusts, tax-sheltered annuities, deferred compensation plans, self-employed retirement plans, and individual retirement accounts or retirement bonds

§ 27-7-17. Deductions allowed

§ 27-7-19. Items not deductible

§ 27-7-20. Casualty losses of individuals

§ 27-7-21. Exemptions allowed

§ 27-7-22. Tax credits for qualified businesses

§ 27-7-22.3. Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies

§ 27-7-22.3. Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies

§ 27-7-22.3. Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies

§ 27-7-22.5. Income tax credit for manufacturers, distributors and wholesale or retail merchants for ad valorem taxes paid on commodities, raw materials, works-in-process, goods, wares and merchandise held for resale; income tax credit for individual...

§ 27-7-22.9. Income tax credit for charges for using certain public port facilities; annual report regarding impact of § 27-7-22.7

§ 27-7-22.11. Tax credit under Venture Capital Act of 1994

§ 27-7-22.15. Income tax credit for approved reforestation practices

§ 27-7-22.24. Mississippi Development Authority to report annually on the impact of the income tax credit granted in § 27-7-22.23

§ 27-7-22.26. Mississippi Development Authority to report annually on the impact of the income tax credit granted in § 27-7-22.25

§ 27-7-22.28. Job tax credit for certain producers of alternative energy definitions

§ 27-7-22.31. Income tax credit for certain costs and expenses in rehabilitating eligible property certified as a historic structure or structure in a certified historic district; recapture of credit; applicability of section

§ 27-7-22.32. Income tax credit for certain qualified adoption expenses

§ 27-7-22.32. Income tax credit for certain qualified adoption expenses

§ 27-7-22.35. Investment tax credit for enterprises owning or operating certain electric and thermal energy producing facilities

§ 27-7-22.40. Job tax credit for certain full-time jobs created in Mississippi by water transportation enterprises

§ 27-7-22.41. Tax credit for certain business enterprises making voluntary cash contributions to eligible charitable organizations

§ 27-7-23. Net income of nonresident and foreign taxpayers

§ 27-7-24. Allocation and apportionment of income of financial institution with taxable activities within and without state

§ 27-7-24.1. Allocation and apportionment of income of financial institution with taxable activities within and without state; definitions

§ 27-7-24.5. Allocation and apportionment of income of financial institution with taxable activities within and without state; property factor

§ 27-7-24.9. Allocation and apportionment of income of major medical laboratory service business with taxable activities within and without state

§ 27-7-25. Partnerships

§ 27-7-29. Organizations exempt from taxation; taxation of business income unrelated to tax exempt purposes of certain organizations

§ 27-7-41. Time and place for filing returns

§ 27-7-43. Returns for period less than twelve months

§ 27-7-47. Free online income tax preparation and filing services for certain taxpayers

§ 27-7-50. Extension of time to file return

§ 27-7-53. Delinquent taxes; failure to file return

§ 27-7-55. Collection of tax; enrolling judgment

§ 27-7-57. Warrant for collection of tax

§ 27-7-59. Jeopardy assessment and warrant

§ 27-7-61. Execution by sheriff or special agent; fees; disposition of property

§ 27-7-63. Commissioner may bid at sales

§ 27-7-65. Alias executions

§ 27-7-67. Sheriff and special agent not personally liable

§ 27-7-69. Tax upon settlement of fiduciary's account

§ 27-7-75. Receipts for taxes

§ 27-7-81. Regulatory authority

§ 27-7-85. Community property not recognized

§ 27-7-88. Contribution to Mississippi Burn Care Fund from state income tax refund; additional contribution at time of filing tax return authorized

§ 27-7-89. Contribution to Mississippi Educational Trust Fund from state income tax refund

§ 27-7-90. Contribution to Mississippi Commission for Volunteer Service Fund from state income tax refund

§ 27-7-91. Designation of contributions to Mississippi Wildlife Heritage Fund on income tax returns

§ 27-7-93.1. Contribution to Mississippi Wildlife, Fisheries and Parks Foundation from state income tax refund

§ 27-7-94. Contribution to Mississippi Military Family Relief Fund from state income tax refund

§ 27-7-97. Capital loss carrybacks and carryovers

§ 27-7-99. "Capital asset" defined

§ 27-7-101. Other definitions relating to capital gains and losses

§ 27-7-103. Applicability of provisions of Internal Revenue Code relating to capital losses