35 Miss. Code. R. 4-10-01-315
Current through December 10, 2024
Persons using business property in this state which was acquired from another person who used it in other states is allowed a credit equal to the applicable rate in the state where the property was last used by the previous owner 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. The credit allowed may not exceed the Mississippi use tax due.
35 Miss. Code. R. 4-10-01-315