2010 Mississippi Code
TITLE 79 - CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPS
Chapter 15 - Investment Trusts.
79-15-25 - How investment trust taxed.
§ 79-15-25. How investment trust taxed.
The income of an investment trust shall be taxed as if the investment trust were a business corporation with the exception of the dividend deduction allowed an investment trust under Section 27-7-17. An investment trust shall be deemed a domestic corporation for purposes of the corporation franchise tax imposed by Sections 27-13-1 through 27-13-61, Mississippi Code of 1972.
Sources: Codes, 1942, § 5570-13; Laws, 1962, ch. 238, § 13; Laws, 1985, ch. 411, § 2; Laws, 1987, ch. 356, § 2, eff from and after January 1, 1988.
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