35 Miss. Code R. § 4-08-02-401
Current through June 25, 2024
When a trade-in is taken as part payment, the tax applies on the difference received between the selling price and the amount allowed for a trade-in. A trade-in is limited to property of the same kind and character as that normally carried in inventory for sale.
35 Miss. Code. R. § 4-08-02-401