35 Miss. Code R. § 10-11-104
Current through May 31, 2024
All bonds must be issued within eighteen (18) months from the inducement date or an extension must be requested by the business addressed to the MDOR. If bonds do not remain outstanding for at least one (1) year the purchase is not considered to be made with bond proceeds and would not be exempt from sales or use tax. A full accounting of the draws and expenditures associated with bond proceeds is required.
35 Miss. Code. R. § 10-11-104