Mississippi Administrative Code
Title 35 - Department of Revenue
Part 4 - Sales and Use Tax
Subpart 11 - Transportation
Chapter 04 - Boats, Barges, Vessels and Marine Commerce
Section 35-4-11-04-100

Sales of vessels or barges of fifty (50) tons load displacement and over by the manufacturer or builder are exempt. The gross proceeds of sales of dry docks and offshore drilling equipment for use in oil exploitation or production are exempt. The Federal Luxury Tax, effective January 1, 1991, is in the form of a Federal Retailers Excise Tax, and is therefore excluded from taxable gross proceeds of sales when computing the Mississippi sales or use tax due on sales of boats with a sales price over $100,000.00. Sales of equipment subsequent to original sale and not otherwise exempt are taxable at the regular retail rate.