35 Miss. Code R. § 4-10-02-503
Current through June 25, 2024
When property has not been use in another state and is imported into this State for use, the taxable basis is the value of the property at the time of importation. Credit for sales or use tax paid to another state in which the property was acquired or used may be taken in computing the amount of use tax due this State, but such credit must be computed by applying the rate of sales or use tax paid to another state of the value of the property at the time it enters Mississippi.
35 Miss. Code. R. § 4-10-02-503