2020 Mississippi Code
Title 27 - Taxation and Finance
Chapter 9 - Estate Tax
§ 27-9-5. Tax levy
[For decedents dying after March 22, 1956, and before October 1, 1988, this section shall read as follows:]
A tax equal to the sum of the following percentages of the value of the net estate is hereby imposed upon the transfer of the net estate of every decedent dying after March 22, 1956, and before October 1, 1988, whether a resident or a nonresident of the State of Mississippi:
MISSISSIPPI ESTATE TAX SCHEDULE Over But not over Of excess over $ -0- $ 60,000 1% 60,000 100,000 $ 600 plus 1.6% 60,000 100,000 200,000 1,240 plus 2.4% 100,000 200,000 400,000 3,640 plus 3.2% 200,000 400,000 600,000 10,040 plus 4.0% 400,000 600,000 800,000 18,040 plus 4.8% 600,000 800,000 1,000,000 27,640 plus 5.6% 800,000 1,000,000 1,500,000 38,840 plus 6.4% 1,000,000 1,500,000 2,000,000 70,840 plus 7.2% 1,500,000 2,000,000 2,500,000 106,840 plus 8.0% 2,000,000 2,500,000 3,000,000 146,840 plus 8.8% 2,500,000 3,000,000 3,500,000 190,840 plus 9.6% 3,000,000 3,500,000 4,000,000 238,840 plus 10.4% 3,500,000 4,000,000 5,000,000 290,840 plus 11.2% 4,000,000 5,000,000 6,000,000 402,840 plus 12.0% 5,000,000 6,000,000 7,000,000 522,840 plus 12.8% 6,000,000 7,000,000 8,000,000 650,840 plus 13.6% 7,000,000 8,000,000 9,000,000 786,840 plus 14.4% 8,000,000 9,000,000 10,000,000 930,840 plus 15.2% 9,000,000 10,000,000 and over 1,082,840 plus 16.0% 10,000,000
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Provided, however, that the tax due under this section shall not be less than the state death tax credit allowable under Title 26, Section 2011, USCS.
