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§ 27-7-1. Citation of article - This article may be cited as the Income Tax Law...
§ 27-7-3. Definitions - When used in this article: "Taxpayer" includes any individual, partnership,...
§ 27-7-7. Tax a debt - The tax imposed by this article, and all increases, interest...
§ 27-7-9. Gain or loss on disposition of property - Except as provided in Sections 27-7-95 through 27-7-103, determination of...
§ 27-7-11. Inventories - Whenever, in the opinion of the commissioner, the use of...
§ 27-7-15. Gross income defined - 1. Homeownership education or counseling; 2. The development of affordable...
§ 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 - Amounts contributed in the taxable year by employees and/or self-employed...
§ 27-7-17. Deductions allowed - In computing taxable income, there shall be allowed as deductions:...
§ 27-7-19. Items not deductible - In computing net income, no deductions shall, in any case,...
§ 27-7-20. Casualty losses of individuals - Casualty losses of individuals shall be computed and allowed in...
§ 27-7-21. Exemptions allowed - Allowance of deductions. In the case of a resident individual,...
§ 27-7-22. Tax credits for qualified businesses - For the purpose of determining the credit allowed to a...
§ 27-7-22.3. Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies - [In cases involving an economic development project for which the...
§ 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... - 1. Under rental agreements with no specific term; 2. Under...
§ 27-7-22.9. Income tax credit for charges for using certain public port facilities; annual report regarding impact of § 27-7-22.7 - The Mississippi Development Authority shall report annually to the Legislature...
§ 27-7-22.11. Tax credit under Venture Capital Act of 1994 - Step One: Add the consideration paid for all qualified investments...
§ 27-7-22.15. Income tax credit for approved reforestation practices - Approved reforestation practices shall not include the establishment of orchards,...
§ 27-7-22.24. Mississippi Development Authority to report annually on the impact of the income tax credit granted in § 27-7-22.23 - The Mississippi Development Authority shall report annually to the Legislature...
§ 27-7-22.26. Mississippi Development Authority to report annually on the impact of the income tax credit granted in § 27-7-22.25 - The Mississippi Development Authority shall report annually to the Legislature...
§ 27-7-22.28. Job tax credit for certain producers of alternative energy definitions - As used in Sections 27-7-22.28 and 27-7-22.29, the following terms...
§ 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 - 1. A certified historic district listed on the National Register...
§ 27-7-22.32. Income tax credit for certain qualified adoption expenses - [Through December 31, 2020, this section shall read as follows:]
§ 27-7-22.32. Income tax credit for certain qualified adoption expenses - [Effective from and after January 1, 2021, this section shall...
§ 27-7-22.35. Investment tax credit for enterprises owning or operating certain electric and thermal energy producing facilities - An eligible facility includes all burners and boilers, any handling...
§ 27-7-22.40. Job tax credit for certain full-time jobs created in Mississippi by water transportation enterprises - [ Repealed effective January 1, 2023]
§ 27-7-22.41. Tax credit for certain business enterprises making voluntary cash contributions to eligible charitable organizations - 1. The prevention and diversion of children from custody with...
§ 27-7-23. Net income of nonresident and foreign taxpayers - Definitions. The regular maintenance of an office or other place...
§ 27-7-24. Allocation and apportionment of income of financial institution with taxable activities within and without state - In any instance in which a taxpayer requests or the...
§ 27-7-24.1. Allocation and apportionment of income of financial institution with taxable activities within and without state; definitions - As used in Sections 27-7-24, 27-7-24.1, 27-7-24.3, 27-7-24.5 and 27-7-24.7,...
§ 27-7-24.5. Allocation and apportionment of income of financial institution with taxable activities within and without state; property factor - A. The taxpayer has assigned, in the regular course of...
§ 27-7-24.9. Allocation and apportionment of income of major medical laboratory service business with taxable activities within and without state - For purposes of this paragraph (b), a company shall be...
§ 27-7-25. Partnerships - Individuals carrying on businesses in partnerships shall be liable for...
§ 27-7-29. Organizations exempt from taxation; taxation of business income unrelated to tax exempt purposes of certain organizations - Except as otherwise provided in subsection (b) of this section,...
§ 27-7-41. Time and place for filing returns - Except as otherwise provided in this section, returns of individuals,...
§ 27-7-43. Returns for period less than twelve months - If any taxpayer, with the approval of the commissioner, changes...
§ 27-7-47. Free online income tax preparation and filing services for certain taxpayers - The Commissioner of Revenue may establish a program to offer...
§ 27-7-50. Extension of time to file return - The commissioner may grant a reasonable extension of time beyond...
§ 27-7-53. Delinquent taxes; failure to file return - 1. The taxpayer (and the taxpayer's spouse if the tax...
§ 27-7-55. Collection of tax; enrolling judgment - If any taxpayer, liable for the payment of income taxes,...
§ 27-7-57. Warrant for collection of tax - The commissioner may issue a warrant under official seal directed...
§ 27-7-59. Jeopardy assessment and warrant - If the commissioner has cause to believe and believes that...
§ 27-7-61. Execution by sheriff or special agent; fees; disposition of property - The sheriff, or special agent of the Tax Commission, upon...
§ 27-7-63. Commissioner may bid at sales - When any property is offered for sale under authority of...
§ 27-7-65. Alias executions - Whenever any property, personal or real, which is seized and...
§ 27-7-67. Sheriff and special agent not personally liable - Every warrant issued to a sheriff of any county of...
§ 27-7-69. Tax upon settlement of fiduciary's account - No final account of a fiduciary shall be allowed by...
§ 27-7-75. Receipts for taxes - When requested, the commissioner shall give any person making any...
§ 27-7-81. Regulatory authority - The commissioner, with the approval of the Governor, may from...
§ 27-7-85. Community property not recognized - For the purpose of this article, community property shall not...
§ 27-7-88. Contribution to Mississippi Burn Care Fund from state income tax refund; additional contribution at time of filing tax return authorized - The State Tax Commission shall print on the Mississippi income...
§ 27-7-89. Contribution to Mississippi Educational Trust Fund from state income tax refund - The State Tax Commission shall print on the Mississippi income...
§ 27-7-90. Contribution to Mississippi Commission for Volunteer Service Fund from state income tax refund - The State Tax Commission shall print on the Mississippi income...
§ 27-7-91. Designation of contributions to Mississippi Wildlife Heritage Fund on income tax returns - The State Tax Commission shall print on the Mississippi income...
§ 27-7-93.1. Contribution to Mississippi Wildlife, Fisheries and Parks Foundation from state income tax refund - The State Tax Commission shall print on the Mississippi income...
§ 27-7-94. Contribution to Mississippi Military Family Relief Fund from state income tax refund - The State Tax Commission shall print on the Mississippi income...
§ 27-7-97. Capital loss carrybacks and carryovers - For the purposes of the preceding sentence, any excess of...
§ 27-7-99. "Capital asset" defined - For purposes of Sections 27-7-95 through 27-7-103, the term "capital...
§ 27-7-101. Other definitions relating to capital gains and losses - The definition of the terms "short-term capital gain," "short-term capital...
§ 27-7-103. Applicability of provisions of Internal Revenue Code relating to capital losses - All provisions of the Internal Revenue Code of 1986, as...