Mississippi Administrative Code
Title 35 - Department of Revenue
Part 4 - Sales and Use Tax
Subpart 01 - Administrative
Chapter 06 - Definitions
Section 35-4-01-06-101 - Value

For sales tax purposes, the term "value" as used in Miss. Code Ann. Section 27-65-3(h) means the entire cost of goods, wares, merchandise or property that is withdrawn from the inventory or stock of a business for use, either personal use or for use in the performance of a job or service. The entire cost includes the cost of materials, labor, overhead or any other similar costs that are incurred in delivering the property to the point of use and which would otherwise contribute to the sales price of such property if it were not converted to use.