35 Miss. Code R. § 4-11-02-302
Current through June 25, 2024
The income received and retained by an automobile dealer derived from the sale of maintenance and/or repair agreements to cover work performed at a specific dealership(s), is treated as the prepayment of maintenance and repairs. The income received from such sale is taxed at the regular retail rate of tax as any other automobile repairs.
35 Miss. Code. R. § 4-11-02-302