35 Miss. Code R. § 4-10-01-506
Current through June 25, 2024
The purchase price or sales price of non-component materials is taxed as a withdrawal of stock at the regular seven percent (7%) retail rate and any applicable special tax levy when these items are purchased exempt with an MPC. The sales tax on purchases of non-component materials should be reported on the contractor's or subcontractor's Sales Tax return. Any special tax levy should be reported by the contractor or subcontractor on their sales tax return at the applicable rate.
35 Miss. Code. R. § 4-10-01-506