35 Miss. Code R. § 4-10-03-301
Current through June 25, 2024
Licensed dealers owe no tax on the cost of property withdrawn from inventory for lease or rental. Subsequent sales of property that has been rented or leased are taxed on the full sales price with no deduction allowed as a result of tax paid on rental or lease income.
35 Miss. Code. R. § 4-10-03-301