Sales & Use Tax
About Sales & Use Tax
Sales and use taxes are applied to all businesses having legal existence within the State. Although sales taxes vary based upon the types of transactions, a list has been compiled that details some of the more specific sales taxes relative to manufacturers
A use tax applies to personal property purchased in another state but utilized in Mississippi. The use tax is computed by applying the Mississippi sales tax rate applicable to that type of property less credit allowed for sales or use taxes paid in the state of purchase. Used property is generally taxed on the basis of its book value figured on straight line depreciation.
For more information, contact the DeSoto County Economic Development Council