35 Miss. Code R. § 3-02-06-102
Current through May 31, 2024
The earnings and profits of the taxable year shall be computed as of the close of such year, without reduction by reason of any distributions made during the taxable year. Liquidating dividends do not have the status of dividends for Mississippi income tax purposes. Such distributions constitute a return of investment and the gain or loss realized or sustained is one of capital.
35 Miss. Code. R. § 3-02-06-102