35 Miss. Code. R. 4-10-01-314
Current through December 10, 2024
Persons using business property in this state which has been used by them in other states shall be entitled to a credit for sales and/or use tax paid to other states equal to the aggregate of all such state rates multiplied by the value of the property at the time it was imported into this state. The value of the property at the time it is imported into this state may not be less than twenty percent (20%) of the original cost of the property. Credit for sales or use tax paid to other states requires invoices clearly showing the tax as a separate item, and no credit is allowed otherwise. The credit allowed may not exceed the Mississippi use tax due.
35 Miss. Code. R. 4-10-01-314