Statutes, codes, and regulations
Mississippi Administrative Code
Title 35 - Department of RevenuePart 4 - Sales and Use TaxSubpart 10 - Construction and Oil FieldChapter 03 - Oil Field Services
[Effective until 12/26/2024] Repossessions
Section 35-4-10-03-200 - [Effective until 12/26/2024] Repossessions

35 Miss. Code. R. 4-10-03-200

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Current through December 10, 2024
Section 35-4-10-03-200 - [Effective until 12/26/2024] Repossessions

Repossessions shall 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. 4-10-03-200