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 35-4-11-02-300 - Service Contracts
Section 35-4-11-02-302
Universal Citation: MS Code of Rules 35-4-11-02-302
Current through September 24, 2024
The income received and retained by an automobile dealer derived from the sale of maintenance and/or repair agreements to cover work performed at a specific dealership(s), is treated as the prepayment of maintenance and repairs. The income received from such sale is taxed at the regular retail rate of tax as any other automobile repairs.
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