Mississippi Administrative Code
Title 35 - Department of Revenue
Part 3 - Income and Franchise
Subpart 02 - Gross Income
Chapter 06 - Dividend Income
Section 35-3-02-06-110
Universal Citation: MS Code of Rules 35-3-02-06-110
Current through September 24, 2024
If a corporation cancels or redeems its stock at such a time and in such manner as to make the distribution in whole or in part essentially equivalent to a taxable dividend, the amount so distributed, to the extent it represents a distribution of earnings and profits, shall be treated as a taxable dividend.
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