35 Miss. Code. R. 3-02-04-100
Interest received by or credited to the taxpayer constitutes gross income and is fully taxable, unless specifically exempt or excluded by statute. Interest income includes but is not limited to, interest on savings or other bank deposits; interest on coupon bonds; interest on an open account, a promissory note, a mortgage, or a corporate bond or debenture; the interest portion of a condemnation award; usurious interest; interest on legacies; and interest on life insurance proceeds held under an agreement to pay interest thereon.
Notes
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