Mississippi Administrative Code
Title 35 - Department of Revenue
Part 4 - Sales and Use Tax
Subpart 11 - Transportation
Chapter 02 - Automobile, Truck and Truck-Tractor Dealers
Section 35-4-11-02-100 - Terms and Definitions
Section 35-4-11-02-103

Sales price or purchase price for tax purposes means the full amount received from the sale of property, including delivery charges, manufacturers excise tax and any other additions to the selling price, unless specifically excluded by statute. The Federal Retailers Excise Tax on truck chassis and bodies and on truck-trailer and semi-trailer chassis and bodies is exempt from sales tax. No distinction is made between sales of new, used or trade-in vehicles for sales and use tax purposes, all being taxed on the difference in the sales price and the amount allowed for a trade-in. A trade-in is limited to property of the same kind and character as that normally carried in inventory for sale.