Magnolia Venture Capital Corporation, but not the shareholders thereof, is exempt from all state income taxes and corporate license fees.
Miss. Code Ann. § 57-77-13
Exemption from taxation and license fees of Magnolia Venture Capital Corporation
Known as the Venture Capital Act
The act spans §§ 57–57 (21 sections).
Laws, 1994, ch. 650, § 8, eff from and after passage (approved April 8, 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.