Mississippi Administrative Code
Title 35 - Department of Revenue
Part 4 - Sales and Use Tax
Subpart 02 - Gross Income
Chapter 04 - Finance Charges and Bad Debts
Section 35-4-02-04-100 - Finance Charges
Section 35-4-02-04-104
Universal Citation: MS Code of Rules 35-4-02-04-104
Current through September 24, 2024
When credit sales are made and the credit is extended by a third party, no sales tax is due on the finance charges collected regardless when billed. This includes credit sales made using co-branded credit cards where the credit card carries a store or brand name but the credit is extended by a third party.
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