35 Miss. Code R. § 4-10-01-503

Current through May 31, 2024

Section 35-4-10-01-503

Component materials are all materials that become an integral part of the structure being erected. Certain taxable services provided under Miss. Code Ann. Section 27-65-23 are also considered to be component to the structure. Component materials may include built-in furniture, fixtures, appliances and similar personal property. For personal property to become real property, it must be permanently attached to real property. To be considered permanently attached, the property must lose its identity as personal property and one or more of the following criteria must be met:

1. The property or equipment must be attached to building walls, floors, and/or ceilings in such way as to require design or structural alterations to the real property to which it is being attached; or

2. The property cannot be removed intact or its removal would result in the alteration or destruction of the structure or property; or

3. The property must become an independent structure, itself (real property).

35 Miss. Code. R. § 4-10-01-503

Amended 4/1/2018