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 35-4-02-04-200 - Bad Debts
Section 35-4-02-04-201

Miss. Code Ann. Section 27-65-33 provides that any taxpayer reporting credit sales and paying the sales tax on such sales may take a credit on any subsequent return for bad debts actually charged off as uncollectible accounts. A taxpayer may not be allowed credit or refund for the sales tax associated with the uncollectible portion of a credit sale unless the taxpayer remitted the tax on the initial sales and also extended the credit used to finance the sale.