There is a newer version of the Mississippi Code
2013 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
- § 27-7-5 - Imposition of the tax
- § 27-7-7 - Tax a debt
- § 27-7-9 - Gain or loss on disposition of property
- § 27-7-11 - Inventories
- § 27-7-13 - Net income defined
- § 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
- § 27-7-18 - 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
- § 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
- § 27-7-22.1 - Repealed
- § 27-7-22.3 - Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies [Repealed effective October 1, 2015]
- § 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
- § 27-7-22.7 - Income tax credit for charges for using certain public port facilities. [Repealed effective December 31, 2016]
- § 27-7-22.9 - Income tax credit for charges for using certain public port facilities; annual report regarding impact of § 27-7-22.7 [Repealed effective December 31, 2016]
- § 27-7-22.11 - Tax credit under Venture Capital Act of 1994
- § 27-7-22.13 - Financial institution; credit; net gain
- § 27-7-22.15 - Income tax credit for approved reforestation practices
- § 27-7-22.16 - Income tax credit for remediation costs incurred at brownfield agreement site
- § 27-7-22.17 - Job tax credit for permanent business enterprises operating certain projects that create at least 3,000 new full-time jobs
- § 27-7-22.18 - Job tax credit for business enterprises owning or operating certain projects that create at least 450 new full-time jobs
- § 27-7-22.19 - Job tax credit for integrated suppliers located on the site of certain projects
- § 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
- § 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
- § 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
- § 27-7-22.23 - Income tax credit for utilization of port facilities at state, county and municipal ports for import of cargo
- § 27-7-22.24 - Mississippi Development Authority to report annually on the impact of the income tax credit granted in § 27-7-22.23
- § 27-7-22.25 - Income tax credit for utilization of airport facilities at public airports for export or import of cargo [Repealed effective July 1, 2016]
- § 27-7-22.26 - Mississippi Development Authority to report annually on the impact of the income tax credit granted in § 27-7-22.25 [Repealed effective July 1, 2016]
- § 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
- § 27-7-22.28 - Job tax credit for certain producers of alternative energy definitions
- § 27-7-22.29 - Job tax credit for certain producers of alternative energy -- general provisions
- § 27-7-22.30 - Manufacturing investment tax credit for manufacturing enterprises that have operated in Mississippi for not less than two years
- § 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; applicability of section
- § 27-7-22.32 - Income tax credit for certain qualified adoption expenses
- § 27-7-22.33 - Income tax credit for certain long-term care insurance policy premiums; limitations.
- § 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
- § 27-7-22.35 - Investment tax credit for enterprises owning or operating certain electric and thermal energy producing facilities
- § 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 [Repealed effective January 1, 2016]
- § 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
- § 27-7-24.3 - Allocation and apportionment of income of financial institution with taxable activities within and without state; receipts factor
- § 27-7-24.5 - Allocation and apportionment of income of financial institution with taxable activities within and without state; property factor
- § 27-7-24.7 - Allocation and apportionment of income of financial institution with taxable activities within and without state; payroll factor; compensation; employee services
- § 27-7-25 - Partnerships
- § 27-7-27 - Estates and trusts
- § 27-7-29 - Organizations exempt from taxation; taxation of business income unrelated to tax exempt purposes of certain organizations
- § 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.
- § 27-7-31 - Returns of income tax; individual returns
- § 27-7-33 - Partnership returns; taxable year
- § 27-7-35 - Fiduciary returns; taxable year; excess income carryover
- § 27-7-37 - Corporate returns
- § 27-7-39 - Information at source
- § 27-7-41 - Time and place for filing returns
- § 27-7-43 - Returns for period less than twelve months
- § 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
- § 27-7-47 - Free online income tax preparation and filing services for certain taxpayers
- § 27-7-49 - Examination of returns
- § 27-7-50 - Extension of time to file return
- § 27-7-51 - Additional taxes or refunds
- § 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
- § 27-7-71 and 27-7-73 - Repealed
- § 27-7-75 - Receipts for taxes
- § 27-7-77 - Credit for income taxes paid
- § 27-7-79 - Administration of article
- § 27-7-81 - Regulatory authority
- § 27-7-83 - Confidentiality of reports and returns; release of certain information under certain circumstances
- § 27-7-85 - Community property not recognized
- § 27-7-87 - Penalties
- § 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 - Transfer to Wildlife Heritage Fund of contributions designated on tax returns; expenditures
- § 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
- § 27-7-95 - Limitations on allowances of losses from sales or exchanges of capital assets
- § 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
- § 27-7-105 - Penalty on underpayment of taxes attributable to fraud
- § 27-7-107 - Contribution to Mississippi Bicentennial Celebration Fund from state income tax refund [Repealed effective January 1, 2019]
Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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