2015 Mississippi Code
Title 27 - TAXATION AND FINANCE
Chapter 13 - CORPORATION FRANCHISE TAX
§ 27-13-8 - Tax on qualified subchapter S subsidiaries; tax on single member limited liability companies

MS Code § 27-13-8 (2015) What's This?

(1) An entity that is required to file and report for federal income tax purposes the activity conducted in Mississippi of a qualified subchapter S subsidiary, shall be required to file a Mississippi combination return of S Corporation income and franchise tax.

(2) An entity that is required to file and report for federal income tax purposes on the activity conducted in Mississippi of a single member limited liability company which is not classified as a corporation, and thus disregarded, shall be required to file a Mississippi combination return of corporation income and franchise tax even if such entity is included in a consolidated corporation income tax return filed for federal purposes.

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