35 Miss. Code. R. 3-10-01-108
Current through September 18, 2024
A bequest is a gift by will of personal property. A devise is a gift of real property by the last will and testament of the donor. A bequest or devise received by a legatee under the provisions of a will or by an heir in accordance with the statutes of descent and distribution is tax exempt, but not the income thereof.
35 Miss. Code. R. 3-10-01-108