Mississippi Administrative Code
Title 35 - Department of Revenue
Part 3 - Income and Franchise
Subpart 03 - Exclusions from Gross Income
Chapter 03 - Employee Benefits
Section 35-3-03-03-101
Universal Citation: MS Code of Rules 35-3-03-03-101
Current through September 24, 2024
A taxpayer may exclude from gross income the amount of any damages received under a suit or settlement of a claim on account of personal injuries or sickness. Damages in cases of nonphysical injury equal to the amount of medical expenses for treatment of emotional distress may be excluded from gross income.
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