Mississippi Administrative Code
Title 35 - Department of Revenue
Part 4 - Sales and Use Tax
Subpart 05 - Services
Chapter 03 - Renting or Leasing Tangible Personal Property
Section 35-4-05-03-302
Universal Citation: MS Code of Rules 35-4-05-03-302
Current through September 24, 2024
Leasing companies may purchase tangible personal property from a customer to be leased back to the same customer as a financing tool to benefit the customer. However, if the condition of the property has been altered or if the customer has used the property since the time it was originally purchased by the customer, there will be no credit for sales or use tax paid by the customer when originally procured prior to the sale to the leasing company.
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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