35 Miss. Code R. § 3-03-02-100
Current through May 31, 2024
The value of improvements to real property, attributable to buildings erected or other improvements made by the lessee upon the leased property is excluded from gross income of the lessor. However, where the facts disclose that such buildings or improvements represent, in whole or in part, a substitution for rent payments for the lease period, the exclusion does not apply.
35 Miss. Code. R. § 3-03-02-100