35 Miss. Code R. § 4-10-04-204

Current through June 25, 2024

Section 35-4-10-04-204

The gross income from oil field services performed in Mississippi is taxable at the regular retail rate of sales tax with the following exceptions:

1. Compensation received from a contract in excess of $10,000 to drill, redrill or work over an oil well or a gas well is taxable at the 31/2% contractor's rate of tax.

2. No sales tax is due when service is performed for another licensed dealer in the same service.

35 Miss. Code. R. § 4-10-04-204