The rate by which the amount of the tax hereby levied shall be one-fourth of one per centum (1/4 of 1%) of the total amount of indebtedness secured by tangible property located in the State of Mississippi.
Miss. Code Ann. § 27-21-5
Schedule of tax
Codes, 1942, § 9342; Laws, 1940, ch. 110; Laws, 1950, ch. 541, § 2; Laws, 1994, ch. 497, § 2, eff from and after May 31, 1994.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.