An application shall be made in behalf of the corporation or association claiming exemption, by the president, secretary or other governing officers thereof, requesting such exemption under Section 27-7-29 and must contain the following information:
1. The character of the organization.2. The purpose for which it was organized.3. The actual activities.4. The sources of income and its disposition.5. Whether or not any of the net income is credited to surplus or may inure to the benefit of any private individual or stockholder, and if so, in what manner and to what extent.6. Whether or not exemption from filing federal income tax returns has been granted by the Federal Internal Revenue Service. If not, state reason.7. If exemption is claimed under paragraph (7) of this regulation, the following data must be furnished: a. The value of products marketed during the year for members, and the value of products marketed for nonmembers.b. The value of purchases made during the year for members, and the value of purchases for nonmembers.c. The value of purchases made during the year for persons, who are neither members nor producers.d. If the organization deals with nonmember patrons, whether or not they are treated the same as members insofar as the charges made for service or the distribution of patronage dividends are concerned.8. In general, all facts relating to the operation of the business which affect the right to exemption.35 Miss. Code. R. 3-10-05-102