35 Miss. Code. R. 3-10-05-102
An application shall be made in behalf of the corporation or association claiming exemption, by the president, secretary or other governing officers thereof, requesting such exemption under Section 27-7-29 and must contain the following information:
1. The character of the
organization.
2. The purpose for
which it was organized.
3. The
actual activities.
4. The sources
of income and its disposition.
5.
Whether or not any of the net income is credited to surplus or may inure to the
benefit of any private individual or stockholder, and if so, in what manner and
to what extent.
6. Whether or not
exemption from filing federal income tax returns has been granted by the
Federal Internal Revenue Service. If not, state reason.
7. If exemption is claimed under paragraph
(7) of this regulation, the following data must be furnished:
a. The value of products marketed during the
year for members, and the value of products marketed for nonmembers.
b. The value of purchases made during the
year for members, and the value of purchases for nonmembers.
c. The value of purchases made during the
year for persons, who are neither members nor producers.
d. If the organization deals with nonmember
patrons, whether or not they are treated the same as members insofar as the
charges made for service or the distribution of patronage dividends are
concerned.
8. In
general, all facts relating to the operation of the business which affect the
right to exemption.
Notes
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