Mississippi Administrative Code
Title 35 - Department of Revenue
Part 3 - Income and Franchise
Subpart 10 - Other Entities and Miscellaneous
Chapter 01 - Fiduciaries
Section 35-3-10-01-113 - Exemptions of Fiduciaries
Universal Citation: MS Code of Rules 35-3-10-01-113
Current through September 24, 2024
The personal exemptions allowed to fiduciaries are as follows:
1. Estates. In the case of an estate, a specific exemption of six hundred dollars ($600.00).
2. Trusts. In the case of a trust which, under its governing instrument, is required to distribute all of its income currently, a specific exemption of three hundred dollars ($300.00). In the case of all other trusts, a specific exemption of one hundred dollars ($100.00).
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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