PocketLaw | Mississippi Code | Income Tax

Income Tax

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Definitions

Imposition of the tax

Tax a debt

Gain or loss on disposition of property

Section
27-7-11

Inventories

Section
27-7-13

Net income defined

Section
27-7-15

Gross income defined

Section
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

Section
27-7-17

Deductions allowed

Section
27-7-18

Adjustments to gross income; alimony payments; unreimbursed moving expenses; payments for medical insurance by self-employed individuals; contributions to MACS program account; unreimbursed expenses related to donation of organ by living donor

Section
27-7-19

Items not deductible

Section
27-7-20

Casualty losses of individuals

Section
27-7-21

Exemptions allowed

Section
27-7-22

Tax credits for qualified businesses

Section
27-7-22.1

Repealed

Section
27-7-22.3

Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies

Section
27-7-22.3

Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies

Section
27-7-22.3

Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies

Section
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, firm or corporation for ad valorem taxes on rental equipment

Section
27-7-22.7

Income tax credit for charges for using certain public port facilities

Section
27-7-22.9

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

Section
27-7-22.11

Tax credit under Venture Capital Act of 1994

Section
27-7-22.13

Financial institution; credit; net gain

Section
27-7-22.15

Income tax credit for approved reforestation practices

Section
27-7-22.16

Income tax credit for remediation costs incurred at brownfield agreement site

Section
27-7-22.17

Job tax credit for permanent business enterprises operating certain projects that create at least 3,000 new full-time jobs

Section
27-7-22.18

Job tax credit for business enterprises owning or operating certain projects that create at least 450 new full-time jobs

Section
27-7-22.19

Job tax credit for integrated suppliers located on the site of certain projects

Section
27-7-22.20

Investment tax credit for business enterprises owning or operating certain projects with an initial capital investment of at least $600,000,000

Section
27-7-22.21

Income tax credit for donations of land or interest in land considered priority site for conservation under Mississippi Natural Heritage Program or adjacent to and along a stream fully nominated to Mississippi Scenic Streams Stewardship Program

Section
27-7-22.22

Income tax credit for use of taxpayer's land as natural area preserve, wildlife refuge, etc. or for public outdoor recreational opportunities

Section
27-7-22.23

Income tax credit for utilization of port facilities at state, county and municipal ports for import of cargo

Section
27-7-22.24

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

Section
27-7-22.25

Income tax credit for utilization of airport facilities at public airports for export or import of cargo

Section
27-7-22.26

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

Section
27-7-22.27

Income tax job credit for certain business enterprises in areas within municipalities certified as economically distressed communities; definitions; designation as economically distressed community; certification of status; amount of tax credit; eligibility

Section
27-7-22.28

Job tax credit for certain producers of alternative energy definitions

Section
27-7-22.29

Job tax credit for certain producers of alternative energy - general provisions

Section
27-7-22.30

Manufacturing investment tax credit for manufacturing enterprises that have operated in Mississippi for not less than two years

Section
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

Section
27-7-22.32

Income tax credit for certain qualified adoption expenses

Section
27-7-22.32

Income tax credit for certain qualified adoption expenses

Section
27-7-22.33

Income tax credit for certain long-term care insurance policy premiums; limitations

Section
27-7-22.34

Qualified business or industry allowed job tax credit for certain new full-time employee jobs; duration of credits; requirements; carrying forward credit

Section
27-7-22.35

Investment tax credit for enterprises owning or operating certain electric and thermal energy producing facilities

Section
27-7-22.36

Job tax credit for enterprises owning or operating an upholstered household furniture manufacturing facility for each full-time employee employed in new cut and sew job

Section
27-7-22.37

Income tax credit for qualified prekindergarten program support contributions

Section
27-7-22.38

Repealed

Section
27-7-22.39

Income tax credit for voluntary cash contributions to qualifying charitable organizations; separate income tax credit for voluntary cash contributions to qualifying foster care charitable organizations

Section
27-7-22.40

Job tax credit for certain full-time jobs created in Mississippi by water transportation enterprises

Section
27-7-22.41

Tax credit for certain business enterprises making voluntary cash contributions to eligible charitable organizations

Section
27-7-23

Net income of nonresident and foreign taxpayers

Section
27-7-24

Allocation and apportionment of income of financial institution with taxable activities within and without state

Section
27-7-24.1

Allocation and apportionment of income of financial institution with taxable activities within and without state; definitions

Section
27-7-24.3

Allocation and apportionment of income of financial institution with taxable activities within and without state; receipts factor

Section
27-7-24.5

Allocation and apportionment of income of financial institution with taxable activities within and without state; property factor

Section
27-7-24.7

Allocation and apportionment of income of financial institution with taxable activities within and without state; payroll factor; compensation; employee services

Section
27-7-24.8

Allocation and apportionment of income of major medical or pharmaceutical supplier of Mississippi distribution facility with taxable activities within and without state

Section
27-7-24.9

Allocation and apportionment of income of major medical laboratory service business with taxable activities within and without state

Section
27-7-25

Partnerships

Section
27-7-27

Estates and trusts

Section
27-7-29

Organizations exempt from taxation; taxation of business income unrelated to tax exempt purposes of certain organizations

Section
27-7-30

Qualified business or industry exempt from taxation on income arising from certain projects developed under Mississippi Major Impact Act; requirements; reduction of amount of exemption

Section
27-7-31

Returns of income tax; individual returns

Section
27-7-33

Partnership returns; taxable year

Section
27-7-35

Fiduciary returns; taxable year; excess income carryover

Section
27-7-37

Corporate returns

Section
27-7-39

Information at source

Section
27-7-41

Time and place for filing returns

Section
27-7-43

Returns for period less than twelve months

Section
27-7-45

Time for payment of tax or child support; effect of state officer's or employee's failure to pay; payment by check; manner of payment by corporation subject to LIFO recapture

Section
27-7-47

Free online income tax preparation and filing services for certain taxpayers

Section
27-7-49

Examination of returns

Section
27-7-50

Extension of time to file return

Section
27-7-51

Additional taxes or refunds

Section
27-7-53

Delinquent taxes; failure to file return

Section
27-7-55

Collection of tax; enrolling judgment

Section
27-7-57

Warrant for collection of tax

Section
27-7-59

Jeopardy assessment and warrant

Section
27-7-61

Execution by sheriff or special agent; fees; disposition of property

Section
27-7-63

Commissioner may bid at sales

Section
27-7-65

Alias executions

Section
27-7-67

Sheriff and special agent not personally liable

Section
27-7-69

Tax upon settlement of fiduciary's account

Section
27-7-71

and 27-7-73. Repealed

Section
27-7-75

Receipts for taxes

Section
27-7-77

Credit for income taxes paid

Section
27-7-79

Administration of article

Section
27-7-81

Regulatory authority

Section
27-7-83

Confidentiality of reports and returns; release of certain information under certain circumstances

Section
27-7-85

Community property not recognized

Section
27-7-87

Penalties

Section
27-7-88

Contribution to Mississippi Burn Care Fund from state income tax refund; additional contribution at time of filing tax return authorized

Section
27-7-89

Contribution to Mississippi Educational Trust Fund from state income tax refund

Section
27-7-90

Contribution to Mississippi Commission for Volunteer Service Fund from state income tax refund

Section
27-7-91

Designation of contributions to Mississippi Wildlife Heritage Fund on income tax returns

Section
27-7-93

Transfer to Wildlife Heritage Fund of contributions designated on tax returns; expenditures

Section
27-7-93.1

Contribution to Mississippi Wildlife, Fisheries and Parks Foundation from state income tax refund

Section
27-7-94

Contribution to Mississippi Military Family Relief Fund from state income tax refund

Section
27-7-95

Limitations on allowances of losses from sales or exchanges of capital assets

Section
27-7-97

Capital loss carrybacks and carryovers

Section
27-7-99

"Capital asset" defined

Section
27-7-101

Other definitions relating to capital gains and losses

Section
27-7-103

Applicability of provisions of Internal Revenue Code relating to capital losses

Section
27-7-105

Penalty on underpayment of taxes attributable to fraud

Section
27-7-107

Repealed