Mississippi Administrative Code
Title 35 - Department of Revenue
Part 3 - Income and Franchise
Subpart 02 - Gross Income
Chapter 06 - Dividend Income
Section 35-3-02-06-102
Universal Citation: MS Code of Rules 35-3-02-06-102
Current through September 24, 2024
The earnings and profits of the taxable year shall be computed as of the close of such year, without reduction by reason of any distributions made during the taxable year. Liquidating dividends do not have the status of dividends for Mississippi income tax purposes. Such distributions constitute a return of investment and the gain or loss realized or sustained is one of capital.
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