Chapter

Income Tax and Withholding

Miss. Code Ann. § 27-7-1— Citation of article
Miss. Code Ann. § 27-7-3— Definitions
Miss. Code Ann. § 27-7-5— Imposition of the tax
Miss. Code Ann. § 27-7-7— Tax a debt
Miss. Code Ann. § 27-7-9— Gain or loss on disposition of property
Miss. Code Ann. § 27-7-11— Inventories
Miss. Code Ann. § 27-7-13— Net income defined
Miss. Code Ann. § 27-7-15— Gross income defined
Miss. Code Ann. § 27-7-16— Gross income; treatment of employees’ pension trusts, tax-sheltered annuities, deferred compensation plans, self-employed retirement plans, and individual retirement accounts or retirement bonds
Miss. Code Ann. § 27-7-17— Deductions allowed
Miss. Code Ann. § 27-7-18— Adjustments to gross income; alimony payments; unreimbursed moving expenses; payments for medical insurance by self-employed individuals; contributions to MACS program account; unreimbursed expenses related to donation of organ by living donor
Miss. Code Ann. § 27-7-19— Items not deductible
Miss. Code Ann. § 27-7-20— Casualty losses of individuals
Miss. Code Ann. § 27-7-21— Exemptions allowed
Miss. Code Ann. § 27-7-22— Tax credits for qualified businesses
Miss. Code Ann. § 27-7-22.1— Repealed
Miss. Code Ann. § 27-7-22.3— Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies [Repealed effective October 1, 2022]
Miss. Code Ann. § 27-7-22.3.1— Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies [Repealed effective October 1, 2022]
Miss. Code Ann. § 27-7-22.3.2— Credit for employees who pay job assessment fee; credit against state income taxes for authorized companies [Repealed effective October 1, 2022]
Miss. Code Ann. § 27-7-22.5— Income tax credit for manufacturers, distributors and wholesale or retail merchants for ad valorem taxes paid on commodities, raw materials, works-in-process, goods, wares and merchandise held for resale; income tax credit for individual, firm or corporation for ad valorem taxes on rental equipment
Miss. Code Ann. § 27-7-22.7— Income tax credit for charges for using certain public port facilities [Repealed effective December 31, 2022]
Miss. Code Ann. § 27-7-22.9— Income tax credit for charges for using certain public port facilities; annual report regarding impact of § 27-7-22.7 [Repealed effective December 31, 2022]
Miss. Code Ann. § 27-7-22.11— Tax credit under Venture Capital Act of 1994
Miss. Code Ann. § 27-7-22.13— Financial institution; credit; net gain
Miss. Code Ann. § 27-7-22.15— Income tax credit for approved reforestation practices
Miss. Code Ann. § 27-7-22.16— Income tax credit for remediation costs incurred at brownfield agreement site
Miss. Code Ann. § 27-7-22.17— Job tax credit for permanent business enterprises operating certain projects that create at least 3,000 new full-time jobs
Miss. Code Ann. § 27-7-22.18— Job tax credit for business enterprises owning or operating certain projects that create at least 450 new full-time jobs
Miss. Code Ann. § 27-7-22.19— Job tax credit for integrated suppliers located on the site of certain projects
Miss. Code Ann. § 27-7-22.20— Investment tax credit for business enterprises owning or operating certain projects with an initial capital investment of at least $600,000,000
Miss. Code Ann. § 27-7-22.21— Income tax credit for donations of land or interest in land considered priority site for conservation under Mississippi Natural Heritage Program or adjacent to and along a stream fully nominated to Mississippi Scenic Streams Stewardship Program
Miss. Code Ann. § 27-7-22.22— Income tax credit for use of taxpayer’s land as natural area preserve, wildlife refuge, etc. or for public outdoor recreational opportunities
Miss. Code Ann. § 27-7-22.23— Income tax credit for utilization of port facilities at state, county and municipal ports for import of cargo
Miss. Code Ann. § 27-7-22.24— Mississippi Development Authority to report annually on the impact of the income tax credit granted in § 27-7-22.23
Miss. Code Ann. § 27-7-22.25— Income tax credit for utilization of airport facilities at public airports for export or import of cargo [Repealed effective July 1, 2022]
Miss. Code Ann. § 27-7-22.26— Mississippi Development Authority to report annually on the impact of the income tax credit granted in § 27-7-22.25 [Repealed effective July 1, 2022]
Miss. Code Ann. § 27-7-22.27— Income tax job credit for certain business enterprises in areas within municipalities certified as economically distressed communities; definitions; designation as economically distressed community; certification of status; amount of tax credit; eligibility
Miss. Code Ann. § 27-7-22.28— Job tax credit for certain producers of alternative energy definitions
Miss. Code Ann. § 27-7-22.29— Job tax credit for certain producers of alternative energy — general provisions
Miss. Code Ann. § 27-7-22.30— Manufacturing investment tax credit for manufacturing enterprises that have operated in Mississippi for not less than two years
Miss. Code Ann. § 27-7-22.31— Income tax credit for certain costs and expenses in rehabilitating eligible property certified as a historic structure or structure in a certified historic district; recapture of credit; applicability of section
Miss. Code Ann. § 27-7-22.32— Income tax credit for certain qualified adoption expenses
Miss. Code Ann. § 27-7-22.32.1— Income tax credit for certain qualified adoption expenses
Miss. Code Ann. § 27-7-22.33— Income tax credit for certain long-term care insurance policy premiums; limitations
Miss. Code Ann. § 27-7-22.34— Qualified business or industry allowed job tax credit for certain new full-time employee jobs; duration of credits; requirements; carrying forward credit
Miss. Code Ann. § 27-7-22.35— Investment tax credit for enterprises owning or operating certain electric and thermal energy producing facilities
Miss. Code Ann. § 27-7-22.36— Job tax credit for enterprises owning or operating an upholstered household furniture manufacturing facility for each full-time employee employed in new cut and sew job [Repealed effective January 1, 2022]
Miss. Code Ann. § 27-7-22.37— Income tax credit for qualified prekindergarten program support contributions
Miss. Code Ann. § 27-7-22.38— Repealed
Miss. Code Ann. § 27-7-22.39— Income tax credit for voluntary cash contributions to qualifying charitable organizations; separate income tax credit for voluntary cash contributions to qualifying foster care charitable organizations [Repealed effective January 1, 2021]
Miss. Code Ann. § 27-7-22.40— Job tax credit for certain full-time jobs created in Mississippi by water transportation enterprises [Repealed effective January 1, 2023]
Miss. Code Ann. § 27-7-22.41— Tax credit for certain business enterprises making voluntary cash contributions to eligible charitable organizations
Miss. Code Ann. § 27-7-23— Net income of nonresident and foreign taxpayers
Miss. Code Ann. § 27-7-24— Allocation and apportionment of income of financial institution with taxable activities within and without state
Miss. Code Ann. § 27-7-24.1— Allocation and apportionment of income of financial institution with taxable activities within and without state; definitions
Miss. Code Ann. § 27-7-24.3— Allocation and apportionment of income of financial institution with taxable activities within and without state; receipts factor
Miss. Code Ann. § 27-7-24.5— Allocation and apportionment of income of financial institution with taxable activities within and without state; property factor
Miss. Code Ann. § 27-7-24.7— Allocation and apportionment of income of financial institution with taxable activities within and without state; payroll factor; compensation; employee services
Miss. Code Ann. § 27-7-24.8— Allocation and apportionment of income of major medical or pharmaceutical supplier of Mississippi distribution facility with taxable activities within and without state
Miss. Code Ann. § 27-7-24.9— Allocation and apportionment of income of major medical laboratory service business with taxable activities within and without state
Miss. Code Ann. § 27-7-25— Partnerships
Miss. Code Ann. § 27-7-27— Estates and trusts
Miss. Code Ann. § 27-7-29— Organizations exempt from taxation; taxation of business income unrelated to tax exempt purposes of certain organizations
Miss. Code Ann. § 27-7-30— Qualified business or industry exempt from taxation on income arising from certain projects developed under Mississippi Major Impact Act; requirements; reduction of amount of exemption
Miss. Code Ann. § 27-7-31— Returns of income tax; individual returns
Miss. Code Ann. § 27-7-33— Partnership returns; taxable year
Miss. Code Ann. § 27-7-35— Fiduciary returns; taxable year; excess income carryover
Miss. Code Ann. § 27-7-37— Corporate returns
Miss. Code Ann. § 27-7-39— Information at source
Miss. Code Ann. § 27-7-41— Time and place for filing returns
Miss. Code Ann. § 27-7-43— Returns for period less than twelve months
Miss. Code Ann. § 27-7-45— Time for payment of tax or child support; effect of state officer’s or employee’s failure to pay; payment by check; manner of payment by corporation subject to LIFO recapture
Miss. Code Ann. § 27-7-47— Free online income tax preparation and filing services for certain taxpayers
Miss. Code Ann. § 27-7-49— Examination of returns
Miss. Code Ann. § 27-7-50— Extension of time to file return
Miss. Code Ann. § 27-7-51— Additional taxes or refunds
Miss. Code Ann. § 27-7-53— Delinquent taxes; failure to file return
Miss. Code Ann. § 27-7-55— Collection of tax; enrolling judgment
Miss. Code Ann. § 27-7-57— Warrant for collection of tax
Miss. Code Ann. § 27-7-59— Jeopardy assessment and warrant
Miss. Code Ann. § 27-7-61— Execution by sheriff or special agent; fees; disposition of property
Miss. Code Ann. § 27-7-63— Commissioner may bid at sales
Miss. Code Ann. § 27-7-65— Alias executions
Miss. Code Ann. § 27-7-67— Sheriff and special agent not personally liable
Miss. Code Ann. § 27-7-69— Tax upon settlement of fiduciary’s account
Miss. Code Ann. § 27-7-71— §§ 27-7-71 and 27-7-73. Repealed
Miss. Code Ann. § 27-7-75— Receipts for taxes
Miss. Code Ann. § 27-7-77— Credit for income taxes paid
Miss. Code Ann. § 27-7-79— Administration of article
Miss. Code Ann. § 27-7-81— Regulatory authority
Miss. Code Ann. § 27-7-83— Confidentiality of reports and returns; release of certain information under certain circumstances
Miss. Code Ann. § 27-7-85— Community property not recognized
Miss. Code Ann. § 27-7-87— Penalties
Miss. Code Ann. § 27-7-88— Contribution to Mississippi Burn Care Fund from state income tax refund; additional contribution at time of filing tax return authorized
Miss. Code Ann. § 27-7-89— Contribution to Mississippi Educational Trust Fund from state income tax refund
Miss. Code Ann. § 27-7-90— Contribution to Mississippi Commission for Volunteer Service Fund from state income tax refund
Miss. Code Ann. § 27-7-91— Designation of contributions to Mississippi Wildlife Heritage Fund on income tax returns
Miss. Code Ann. § 27-7-93— Transfer to Wildlife Heritage Fund of contributions designated on tax returns; expenditures
Miss. Code Ann. § 27-7-93.1— Contribution to Mississippi Wildlife, Fisheries and Parks Foundation from state income tax refund
Miss. Code Ann. § 27-7-94— Contribution to Mississippi Military Family Relief Fund from state income tax refund
Miss. Code Ann. § 27-7-95— Limitations on allowances of losses from sales or exchanges of capital assets
Miss. Code Ann. § 27-7-97— Capital loss carrybacks and carryovers
Miss. Code Ann. § 27-7-99— “Capital asset” defined
Miss. Code Ann. § 27-7-101— Other definitions relating to capital gains and losses
Miss. Code Ann. § 27-7-103— Applicability of provisions of Internal Revenue Code relating to capital losses
Miss. Code Ann. § 27-7-105— Penalty on underpayment of taxes attributable to fraud
Miss. Code Ann. § 27-7-107— Repealed
Miss. Code Ann. § 27-7-201— Short title
Miss. Code Ann. § 27-7-203— Legislative purpose
Miss. Code Ann. § 27-7-205— Definitions
Miss. Code Ann. § 27-7-207— Credit against tax imposed by this chapter equal to 25% of qualified contribution to endowed fund at qualified community foundation subject to certain requirements
Miss. Code Ann. § 27-7-209— Allocation of authorized tax credits; maintenance of records that determine priority for awarding tax credits
Miss. Code Ann. § 27-7-211— Development of forms, procedures for review and approval of applications for tax credits, and issuance of tax credits; establishment of reporting and monitoring requirements; monitoring and annual certification of approved tax credits
Miss. Code Ann. § 27-7-213— Tax credits are non-transferable; process for allocation of available tax credits if less than requested; periodic reporting of impact of tax credits
Miss. Code Ann. § 27-7-301— Citation of article
Miss. Code Ann. § 27-7-303— Definitions
Miss. Code Ann. § 27-7-305— Withholding of tax; leased employees
Miss. Code Ann. § 27-7-307— Employer and certain persons owning stock of corporations or interest in limited liability companies with thirty-five or less owners liable for amounts required to be withheld; liability is derivative of the corporation or limited liability company
Miss. Code Ann. § 27-7-308— Withholding by seller on gross proceeds realized by nonresident seller of real property; refund of excess withholding; filing of federal information returns with Department of Revenue
Miss. Code Ann. § 27-7-309— Employer’s return and payment of taxes withheld
Miss. Code Ann. § 27-7-311— Annual withholding statement
Miss. Code Ann. § 27-7-312— Certain withholding tax revenue to be deposited in Mississippi Advantage Jobs Incentive Payment Fund
Miss. Code Ann. § 27-7-313— Refund to taxpayer
Miss. Code Ann. § 27-7-315— Procedure where refund not made within six months; interest
Miss. Code Ann. § 27-7-317— Refunds to employer for overpayment
Miss. Code Ann. § 27-7-319— Declaration of estimated tax
Miss. Code Ann. § 27-7-321— Repealed
Miss. Code Ann. § 27-7-323— Amendment of declaration
Miss. Code Ann. § 27-7-325— Joint declaration; husband and wife
Miss. Code Ann. § 27-7-327— Underestimate of tax
Miss. Code Ann. § 27-7-329— Payment of estimated tax
Miss. Code Ann. § 27-7-331— Withholding tables; rules, regulations and forms
Miss. Code Ann. § 27-7-333— Employer’s withholding account number
Miss. Code Ann. § 27-7-335— Employee required to furnish exemption certificate to employer
Miss. Code Ann. § 27-7-337— Method of payment
Miss. Code Ann. § 27-7-339— Withholding state income taxes of federal employees by federal agencies
Miss. Code Ann. § 27-7-341— Administration
Miss. Code Ann. § 27-7-343— Regulatory authority
Miss. Code Ann. § 27-7-345— Civil penalties for failure to file return or deficiency in payment of tax
Miss. Code Ann. § 27-7-347— Criminal penalties
Miss. Code Ann. § 27-7-349— Article 3 supplemental to Article 1
Miss. Code Ann. § 27-7-501— Declaration of purpose
Miss. Code Ann. § 27-7-503— Definitions
Miss. Code Ann. § 27-7-505— Remedy to be in addition to others available
Miss. Code Ann. § 27-7-507— Submission of debts by claimant agencies
Miss. Code Ann. § 27-7-509— Procedural requirements; fee
Miss. Code Ann. § 27-7-511— Hearing upon written application
Miss. Code Ann. § 27-7-513— Finalization of setoff; notice; refund
Miss. Code Ann. § 27-7-515— Forms; rules and regulations; agreements with other states
Miss. Code Ann. § 27-7-517— Furnishing information to claimant agency; confidentiality
Miss. Code Ann. § 27-7-519— Refund deemed granted upon exercise of setoff; return of monies improperly received by claimant agency
Miss. Code Ann. § 27-7-601— Definitions
Miss. Code Ann. § 27-7-603— Taxpayers past due taxes; State income tax refunds to be offset to federal government; Federal income tax refunds to be offset to Mississippi State Tax Commission; procedure
Miss. Code Ann. § 27-7-701— Definitions
Miss. Code Ann. § 27-7-703— Provision of additional remedy
Miss. Code Ann. § 27-7-705— Submission by claimant agency
Miss. Code Ann. § 27-7-707— Transfer of funds to claimant agency; notice to debtor
Miss. Code Ann. § 27-7-709— Hearings and appeals
Miss. Code Ann. § 27-7-711— Finalization of setoff; notice
Miss. Code Ann. § 27-7-713— Disclosure of information; confidentiality
Miss. Code Ann. § 27-7-801— Short title
Miss. Code Ann. § 27-7-803— Legislative purpose
Miss. Code Ann. § 27-7-805— Definitions
Miss. Code Ann. § 27-7-807— Remedy to be in addition to others available
Miss. Code Ann. § 27-7-809— Applicability of article
Miss. Code Ann. § 27-7-811— Notice to debtor; hearing upon written request; appeals
Miss. Code Ann. § 27-7-813— Notice to department by claimant government; identification of debtor; determination of debtor's qualification for refund; notice to debtor of setoff
Miss. Code Ann. § 27-7-815— Priority of multiple claims
Miss. Code Ann. § 27-7-817— Collection assistance fee
Miss. Code Ann. § 27-7-821— Exchange of information necessary to effectuate article; confidentiality of information
Miss. Code Ann. § 27-7-823— Promulgation of rules and regulations by department and local governments to implement and administer article
Miss. Code Ann. § 27-7-901— Tax levied
Miss. Code Ann. § 27-7-903— Tax levied on certain amounts paid to patrons by gaming establishments not licensed under Mississippi Gaming Control Act
Miss. Code Ann. § 27-7-1001— Definitions
Miss. Code Ann. § 27-7-1003— Catastrophe savings accounts excluded from taxable gross income; limitations on total amount of contributions to catastrophe savings accounts
Miss. Code Ann. § 27-7-1005— Distributions from catastrophe savings accounts
Miss. Code Ann. § 27-7-1007— Commissioner of Revenue to promulgate rules and regulations to implement and administer this article
Miss. Code Ann. § 27-7-1101— Definitions
Miss. Code Ann. § 27-7-1103— Duties of account holders; contribution to first-time home buyer savings accounts excluded from gross income; limitations on amount of contributions; penalty for withdrawal of monies for purpose other than payment of eligible costs; financial institution obligations regarding accounts