Mississippi Administrative Code
Title 35 - Department of Revenue
Part 4 - Sales and Use Tax
Subpart 08 - Agriculture
Chapter 02 - Agricultural
Section 35-4-08-02-403
Universal Citation: MS Code of Rules 35-4-08-02-403
Current through September 24, 2024
When an item subject to the regular retail rate such as a trailer for highway use is traded as part payment on a tractor or other item subject to the reduced 11/2% rate, the net difference is taxable at the reduced 11/2% rate and the subsequent sale of the trailer for highway use is taxable at the regular retail rate.
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