{"id":2263,"date":"2010-09-01T12:24:12","date_gmt":"2012-09-07T20:05:36","guid":{"rendered":"\/mississippi-state-taxes"},"modified":"2025-02-11T10:58:17","modified_gmt":"2025-02-11T18:58:17","slug":"mississippi-state-taxes","status":"publish","type":"post","link":"https:\/\/www.irs.com\/en\/mississippi-state-taxes\/","title":{"rendered":"Mississippi State Taxes"},"content":{"rendered":"<p><strong>Mississippi State Tax ? Individual Income Tax<\/strong><\/p>\n<p>The individual income tax rates for Mississippi are as follows:<\/p>\n<ul>\n<li>3% on the first $5,000 of taxable income<\/li>\n<li>4% on taxable income between $5,001 and $10,000<\/li>\n<li>5% on taxable income of $10,001 or more<\/li>\n<\/ul>\n<p><strong>Mississippi State Tax ? Corporate Tax<\/strong><\/p>\n<p>Corporations earning income from Mississippi sources or doing business in Mississippi are subject to the corporate income tax or the corporate franchise tax. The corporate franchise tax is imposed on corporations for the privilege of doing business in Mississippi. It has a rate of $2.50 per $1,000 of capital employed or property assessed in the state, whichever is greater.<\/p>\n<p>The corporate income tax is imposed on a corporation&#8217;s Mississippi taxable income at the following rates:<\/p>\n<ul>\n<li>3% on the first $5,000 of taxable income<\/li>\n<li>4% on taxable income between $5,001 and $10,000<\/li>\n<li>5% on taxable income of $10,001 or more<\/li>\n<\/ul>\n<p><strong>Mississippi State Tax ? Sales &amp; Use Tax<\/strong><\/p>\n<p>Mississippi&#8217;s sales tax rate is 7% on all sales in the state, unless specifically exempted by law. The &#8216;use tax&#8217; is a component of the sales tax. It has the same rate (7%) and is imposed on items purchased for use, storage, or consumption in the state when proper sales tax has not been collected.<\/p>\n<p><strong>Mississippi State Tax ? Property Tax<\/strong><\/p>\n<p>Property tax is an &#8216;ad valorem&#8217; tax, meaning that property is taxed &#8216;according to value.&#8217; Property taxes are administered on the local level by local taxing districts.<\/p>\n<p>Taxable property is divided into 5 classes, and each class is assessed at a percentage of its value. The classes and assessment percentages are as follows:<\/p>\n<ul>\n<li>Class I: Single family (10%)<\/li>\n<li>Class II: All other real property (15%)<\/li>\n<li>Class III: Personal property (15%)<\/li>\n<li>Class IV: Public services property (30%)<\/li>\n<li>Class V: Motor vehicles (30%)<\/li>\n<\/ul>\n<p><strong>Mississippi State Tax Forms<\/strong><\/p>\n<p><span style=\"text-decoration: underline;\">Form 80-105<\/span> (Resident Individual Income Tax Return)<br \/>\n<span style=\"text-decoration: underline;\">Form 80-110<\/span> (Resident Individual Income Tax Return EZ)<br \/>\n<span style=\"text-decoration: underline;\">Form 80-205<\/span> (Non-Resident or Part-Year Resident Individual Income Tax Return)<br \/>\n<span style=\"text-decoration: underline;\">Form 80-106<\/span> (Payment Voucher for Individual Income Tax)<br \/>\n<span style=\"text-decoration: underline;\">Form 80-170<\/span> (Resident Amended Individual Income Tax Return)<br \/>\n<span style=\"text-decoration: underline;\">Form 80-300<\/span> (Estimated Tax Declaration for Individuals)<\/p>\n<p><strong>Mississippi State Tax Resources<\/strong><\/p>\n<p>State of Mississippi Department of Revenue: <a href=\"http:\/\/www.dor.ms.gov\/\" target=\"_blank\" rel=\"noopener nofollow\">www.dor.ms.gov<\/a><\/p>\n<p>Mississippi state tax forms (past and current): <a href=\"https:\/\/www.ms.gov\/node\/273\" target=\"_blank\" rel=\"noopener nofollow\">www.ms.gov\/node\/273<\/a><\/p>\n<p>Mississippi Department of Revenue &#8216;E-Services&#8217; center: <a href=\"https:\/\/www.dor.ms.gov\/E-Services\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener nofollow\">dor.ms.gov\/E-Services\/Pages\/default.aspx<\/a><\/p>\n<p>Check the status of your individual income tax refund: <a href=\"https:\/\/tap.dor.ms.gov\/_\/\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/tap.dor.ms.gov\/_\/<\/a><\/p>\n<p>Register a business for Mississippi taxes: <a href=\"https:\/\/www.dor.ms.gov\/individual\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/www.dor.ms.gov\/individual<\/a><\/p>\n<p>Contact the Mississippi Department of Revenue: <a href=\"https:\/\/www.dor.ms.gov\/Pages\/Contact-Us.aspx\" target=\"_blank\" rel=\"noopener nofollow\">dor.ms.gov\/Pages\/Contact-Us.aspx<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mississippi State Tax ? Individual Income Tax The individual income tax rates for Mississippi are as follows: 3% on the first $5,000 of taxable income 4% on taxable income between $5,001 and $10,000 5% on taxable income of $10,001 or more Mississippi State Tax ? Corporate Tax Corporations earning income from Mississippi sources or doing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-2263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state-tax-returns"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/posts\/2263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/comments?post=2263"}],"version-history":[{"count":4,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/posts\/2263\/revisions"}],"predecessor-version":[{"id":8723,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/posts\/2263\/revisions\/8723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/media\/7687"}],"wp:attachment":[{"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/media?parent=2263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/categories?post=2263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irs.com\/en\/wp-json\/wp\/v2\/tags?post=2263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}