35 Miss. Code R. § 4-05-03-302
Current through June 25, 2024
Leasing companies may purchase tangible personal property from a customer to be leased back to the same customer as a financing tool to benefit the customer. However, if the condition of the property has been altered or if the customer has used the property since the time it was originally purchased by the customer, there will be no credit for sales or use tax paid by the customer when originally procured prior to the sale to the leasing company.
35 Miss. Code. R. § 4-05-03-302