35 Miss. Code. R. 3-08-06-402.08 - Business Income of Manufacturers
1. MANUFACTURERS
SELLING PRINCIPALLY AT WHOLESALE. The net business income of a taxpayer,
engaged in the trade or business of manufacturing and selling principally at
wholesale, which has not been allocated, directly assigned, or excluded as
otherwise provided in this Regulation shall be apportioned to Mississippi by
multiplying such net business income by a fraction, the numerator of which is
the property factor plus the payroll factor plus the sales factor, as defined
subsection 402.09, paragraphs 1 and 2, and (c) of this Regulation, and the
denominator of which is three (3).
2. MANUFACTURERS SELLING PRINCIPALLY AT
RETAIL. The net business income of a taxpayer, engaged in the trade or business
of manufacturing and selling principally at retail, which has not been
allocated, directly assigned, or excluded as otherwise provided in this
Regulation shall be apportioned to Mississippi by multiplying such net business
income by a fraction, the numerator of which is the average of the sum of
property and payroll factors plus the sales factor, as defined in subsection
402.09, paragraphs 1 and 2 of this Regulation, and the denominator of which is
two (2).
Notes
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