35 Miss. Code R. § 3-08-03-111.01
Current through June 25, 2024
If the foreign state in which the taxable income of an S corporation is earned or realized has not, for the corporation's taxable year, adopted the Federal tax treatment of an S corporation, the Mississippi resident's pro rata share of taxable income (or loss) of the S corporation shall be excluded from the gross income of the Mississippi resident. In such case, the Mississippi resident must report only dividends or other income actually distributed to such resident by the corporation in the taxable year of the resident.
35 Miss. Code. R. § 3-08-03-111.01