Statutes, codes, and regulations
Mississippi Administrative Code
Title 35 - Department of RevenuePart 4 - Sales and Use TaxSubpart 08 - Agriculture
Chapter 02 - Agricultural
Section 35-4-08-02-406

35 Miss. Code. R. 4-08-02-406

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Current through January 14, 2025
Section 35-4-08-02-406

Repossessed property will be treated as returned merchandise and credit will be allowed only for the uncollected part of the selling price previously reported. The subsequent sale of the repossessed item will be taxable on the same basis as the sale of new merchandise.

35 Miss. Code. R. 4-08-02-406

Adopted 4/1/2018