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Mississippi Personal Income Tax Laws
Explanation of Chart and More Information on Personal Income Tax Laws
| Code Section | 27-7-5, et seq. |
| Who is Required to File | Resident individuals, trusts and estates on entire net income from property owned or sold and business trade or occupation carried on in Mississippi by nonresident individuals, partnerships, trusts and estates; Partnerships and S corporations are not taxable |
| Rate | First $5,000, 3%; Next $5,000, 4%; Over $10,000, 5% |
| Federal Income Tax Deductible | No |
| Federal Income Used as Basis | No |
Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.
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