35 Miss. Code. R. 3-05-02-100
Current through October 31, 2024
A taxpayer may take a business expense deduction for an ordinary and necessary expenditure in regard to certain types of activities relating to promoting or combating legislation. An expense is deductible if it is paid or incurred (1) in direct connection with an appearance before, submission of statements to, or sending communications to, Congressional Committees or legislative bodies of states, U. S. possessions, etc., in regard to legislation of direct interest to the taxpayer, or (2) in direct connection with communication of information between the taxpayer and a trade or business organization of which he is a member concerning legislation of direct interest to both parties.
35 Miss. Code. R. 3-05-02-100