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Mississippi State Tax Information |
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- Sales and Usage Tax
- General 7%
- Items exempt from sales tax: prescription medications, residential utilities, fuel, newspapers, Medicare and Medicaid payments, and health care costs are also exempt from sales tax.
- County Tax: Localities may add up to 3% to the general rate of 7%.
- Automobiles; 30% of market value, state does allow a 5% deduction for depreciation.
- Fuel Tax; Gas: 18.8 cents per gallon, Diesel: 18.8 cents per gallon,
- Cigarette Tax: 18 cents per pack purchase
- Personal Income Tax; ranges from 3-5%
- Inheritance Tax: Mississippi doesn’t impose an inheritance tax
- Estate Tax: Only levied against estates whose value exceeds 1,000,000
- Usage Tax
- County Usage Tax: Up to 3% in addition to general rate of 7%
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Last Updated ( Tuesday, 16 May 2006 )
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MS 
