Mississippi Code
Article 1 - Income Tax
§ 27-7-3. Definitions

When used in this article:
"Taxpayer" includes any individual, partnership, corporation, association, trust or estate, subject to a tax imposed hereunder, or whose income is, in whole or in part, subject to a tax imposed hereunder.
"Domestic," when applied to any corporation or association, including partnerships, means created or organized in the State of Mississippi.
"Foreign," when applied to any corporation or association, including partnerships, means created or organized outside the State of Mississippi.
"Fiduciary" means a guardian, trustee, executor, administrator, receiver, conservator, or any person, whether individual or corporate, acting in any fiduciary capacity, for any person, trust, or estate.
"Resident" means a natural person and includes, for the purpose of determining liability for the tax imposed by this article upon or with reference to the income of any taxable year, any person domiciled in the State of Mississippi and any other person who maintains a legal or actual residence within the state.
"Nonresident," when used in connection with this article, shall apply to any natural person whose domicile and place of abode is without the State of Mississippi.
"Foreign country" or "foreign government" means any jurisdiction other than the one embraced within the United States. The words "United States" includes the states, the District of Columbia, and the territorial possessions of the United States.
"State Tax Commission" or "Tax Commission" means the Department of Revenue. "Commission" or "department" also means the Department of Revenue except where such words are specifically given other meanings.
"Commissioner," "Chairman of the Mississippi State Tax Commission," "Chairman of the State Tax Commission," "chairman of the commission" or "chairman" means the Commissioner of Revenue of the Department of Revenue.
"Taxable year" means the calendar year, or fiscal year ending during such calendar year, upon the basis of which the net income is computed hereunder. "Fiscal year" means an accounting period of twelve (12) months, ending on the last day of any month other than December.
"Paid or accrued" means paid or accrued, or paid or incurred, and these terms, "paid or incurred" or "paid or accrued," shall be construed according to the method of accounting or the basis on which the net income is computed. The term "received for the purpose of computation of net income" means received or accrued, and the term "received or accrued" shall be construed according to the method of accounting or the basis on which the net income is computed.
"Dividend" means any distribution made by a corporation, association, trust or estate, to its shareholders or members, whether in cash, other property, or its own stock.

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