35 Miss. Code R. § 4-08-02-403
Current through June 25, 2024
When an item subject to the regular retail rate such as a trailer for highway use is traded as part payment on a tractor or other item subject to the reduced 11/2% rate, the net difference is taxable at the reduced 11/2% rate and the subsequent sale of the trailer for highway use is taxable at the regular retail rate.
35 Miss. Code. R. § 4-08-02-403