35 Miss. Code R. § 3-01-01-103
Current through May 31, 2024
"Taxable income" with respect to individuals, estates and trusts, means total gross income less allowable expenses incurred in connection with the taxpayer's trade or business, allowable personal deductions and applicable personal and additional exemptions. Taxable income with respect to corporations, associations and partnerships, means total gross income less allowable expenses and contributions.
35 Miss. Code. R. § 3-01-01-103