Mississippi Administrative Code
Title 35 - Department of Revenue
Part 10 - Economic Development
Chapter 05 - Rural Economic Development (Red) Credit
Section 35-10-05-105
Universal Citation: MS Code of Rules 35-10-05-105
Current through September 24, 2024
The credit is not refundable. An expense cannot be used both as a credit and a deduction. If a credit is based on an expense, then the amount of the credit taken must be added back to Mississippi taxable income in the year the credit is used.
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