reglab/housing_qa huggingface dataset:
MS Code § 27-8-21 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 8 - Mississippi S Corporation Income Tax Act|§ 27-8-21. Credit for income tax paid by shareholder to another state

 For purposes of Section 27-7-77, each resident shareholder shall be considered to have paid a tax imposed on the shareholder in an amount equal to the shareholder's pro rata share of any net income tax paid by the S corporation to a state which does not measure the income of shareholders of an S corporation by reference to the income of the S corporation. For purposes of the preceding sentence, the term "net income tax" means any tax imposed on or measured by a corporation's net income.
MS Code § 27-9-1 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-1. Citation of chapter

 This chapter may be cited as the estate tax law.
MS Code § 27-9-3 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-3. Definitions

 When used in reference to the estate tax in this chapter:   "Commission," "State Tax Commission" or "department" means the Department of Revenue of the State of Mississippi.   "Commissioner," "Chairman of the State Tax Commission" or "chairman of the commission" means the Commissioner of Revenue of the Department of Revenue, or any agent appointed by law under him.   "Executor" means the executor or administrator of the decedent, or, if there is no executor or administrator, any person who takes possession of any property of the decedent.   "Person" means persons, corporations, associations, joint stock companies and business trusts.   "Transfer" shall be taken to include the passing of property or any interest therein, in possession or enjoyment, present or future, by inheritance, descent, devise, succession, bequest, grant, deed, bargain, sale, gift, or appointment in the manner herein described.   "Decedent" shall include the testator, intestate, grantor, bargainor, vendor or donor.   "Resident" means natural persons and includes for the purpose of determining liability for the tax imposed, any person domiciled in the State of Mississippi and any other person who maintains a permanent place of abode within the state and spends in the aggregate, more than six (6) months of the taxable year within the state.   "Nonresident" shall apply to any natural person whose domicile is without the State of Mississippi or who maintains a place of abode without the state, and spends in the aggregate, more than six (6) months of the taxable year without the state.
MS Code § 27-9-5 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-5. Tax levy

 [For decedents dying after March 22, 1956, and before October 1, 1988, this section shall read as follows:]   A tax equal to the sum of the following percentages of the value of the net estate is hereby imposed upon the transfer of the net estate of every decedent dying after March 22, 1956, and before October 1, 1988, whether a resident or a nonresident of the State of Mississippi:   MISSISSIPPI ESTATE TAX SCHEDULE Over But not over Of excess over $ -0- $ 60,000 1% 60,000 100,000 $ 600 plus 1.6% 60,000 100,000 200,000 1,240 plus 2.4% 100,000 200,000 400,000 3,640 plus 3.2% 200,000 400,000 600,000 10,040 plus 4.0% 400,000 600,000 800,000 18,040 plus 4.8% 600,000 800,000 1,000,000 27,640 plus 5.6% 800,000 1,000,000 1,500,000 38,840 plus 6.4% 1,000,000 1,500,000 2,000,000 70,840 plus 7.2% 1,500,000 2,000,000 2,500,000 106,840 plus 8.0% 2,000,000 2,500,000 3,000,000 146,840 plus 8.8% 2,500,000 3,000,000 3,500,000 190,840 plus 9.6% 3,000,000 3,500,000 4,000,000 238,840 plus 10.4% 3,500,000 4,000,000 5,000,000 290,840 plus 11.2% 4,000,000 5,000,000 6,000,000 402,840 plus 12.0% 5,000,000 6,000,000 7,000,000 522,840 plus 12.8% 6,000,000 7,000,000 8,000,000 650,840 plus 13.6% 7,000,000 8,000,000 9,000,000 786,840 plus 14.4% 8,000,000 9,000,000 10,000,000 930,840 plus 15.2% 9,000,000 10,000,000 and over 1,082,840 plus 16.0% 10,000,000   Click to view   Provided, however, that the tax due under this section shall not be less than the state death tax credit allowable under Title 26, Section 2011, USCS.
MS Code § 27-9-5 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-5. Tax levy

 [For decedents dying on or after October 1, 1988, and before October 1, 1989, this section shall read as follows:]   A tax equal to the sum of the following percentages of the value of the net estate is hereby imposed upon the transfer of the net estate of every decedent dying on or after October 1, 1988, and before October 1, 1989, whether a resident or a nonresident of the State of Mississippi:   MISSISSIPPI ESTATE TAX SCHEDULE Over But not over Of excess over $ -0- $ 100,000 1.7% 100,000 200,000 1,700 plus 3.4% 100,000 200,000 400,000 5,100 plus 5.2% 200,000 400,000 600,000 15,500 plus 6.6% 400,000 600,000 800,000 28,700 plus 8.0% 600,000 800,000 1,000,000 44,700 plus 9.7% 800,000 1,000,000 1,500,000 64,100 plus 11.4% 1,000,000 1,500,000 2,000,000 121,100 plus 12.7% 1,500,000 2,000,000 2,500,000 184,600 plus 14.0% 2,000,000 2,500,000 3,000,000 254,600 plus 15.3% 2,500,000 3,000,000 3,500,000 331,100 plus 16.7% 3,000,000 3,500,000 and over 414,600 plus 18.4% 3,500,000   Click to view   Provided, however, that the tax due under this section shall not be less than the state death tax credit allowable under Title 26, Section 2011, USCS.
MS Code § 27-9-5 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-5. Tax levy

 [For decedents dying on or after October 1, 1989, and before October 1, 1990, this section shall read as follows:]   A tax equal to the sum of the following percentages of the value of the net estate is hereby imposed upon the transfer of the net estate of every decedent dying on or after October 1, 1989, and before October 1, 1990, whether a resident or a nonresident of the State of Mississippi:   MISSISSIPPI ESTATE TAX SCHEDULE Over But not over Of excess over $ -0- $ 100,000 1.4% 100,000 200,000 1,400 plus 2.8% 100,000 200,000 400,000 4,200 plus 4.4% 200,000 400,000 600,000 13,000 plus 5.75% 400,000 600,000 800,000 24,500 plus 6.9% 600,000 800,000 1,000,000 38,300 plus 8.3% 800,000 1,000,000 1,500,000 54,900 plus 9.7% 1,000,000 1,500,000 2,000,000 103,400 plus 10.85% 1,500,000 2,000,000 2,500,000 157,650 plus 12.0% 2,000,000 2,500,000 3,000,000 217,650 plus 13.15% 2,500,000 3,000,000 3,500,000 283,400 plus 14.3% 3,000,000 3,500,000 4,000,000 354,900 plus 15.7% 3,500,000 4,000,000 5,000,000 433,400 plus 16.1% 4,000,000 5,000,000 6,000,000 594,400 plus 16.5% 5,000,000 6,000,000 7,000,000 759,400 plus 16.9% 6,000,000 7,000,000 8,000,000 928,400 plus 17.3% 7,000,000 8,000,000 9,000,000 1,101,400 plus 17.7% 8,000,000 9,000,000 10,000,000 1,278,400 plus 18.1% 9,000,000 10,000,000 and over 1,459,400 plus 18.5% 10,000,000   Click to view   Provided, however, that the tax due under this section shall not be less than the state death tax credit allowable under Title 26, Section 2011, USCS.
MS Code § 27-9-5 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-5. Tax levy

 [For decedents dying on or after October 1, 1990, and before January 1, 2000, this section shall read as follows:]   A tax equal to the sum of the following percentages of the value of the net estate is hereby imposed upon the transfer of the net estate of every decedent dying on or after October 1, 1990, whether a resident or a nonresident of the State of Mississippi:   MISSISSIPPI ESTATE TAX SCHEDULE Over But not over Of excess over $ -0- $ 60,000 1% 60,000 100,000 $ 600 plus 1.6% 60,000 100,000 200,000 1,240 plus 2.4% 100,000 200,000 400,000 3,640 plus 3.2% 200,000 400,000 600,000 10,040 plus 4.0% 400,000 600,000 800,000 18,040 plus 4.8% 600,000 800,000 1,000,000 27,640 plus 5.6% 800,000 1,000,000 1,500,000 38,840 plus 6.4% 1,000,000 1,500,000 2,000,000 70,840 plus 7.2% 1,500,000 2,000,000 2,500,000 106,840 plus 8.0% 2,000,000 2,500,000 3,000,000 146,840 plus 8.8% 2,500,000 3,000,000 3,500,000 190,840 plus 9.6% 3,000,000 3,500,000 4,000,000 238,840 plus 10.4% 3,500,000 4,000,000 5,000,000 290,840 plus 11.2% 4,000,000 5,000,000 6,000,000 402,840 plus 12.0% 5,000,000 6,000,000 7,000,000 522,840 plus 12.8% 6,000,000 7,000,000 8,000,000 650,840 plus 13.6% 7,000,000 8,000,000 9,000,000 786,840 plus 14.4% 8,000,000 9,000,000 10,000,000 930,840 plus 15.2% 9,000,000 10,000,000 and over 1,082,840 plus 16.0% 10,000,000   Click to view   Provided, however, that the tax due under this said section shall not be less than the state death tax credit allowable under Title 26, Section 2011, USCS.
MS Code § 27-9-5 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-5. Tax levy

 [For decedents dying on or after January 1, 2000, this section shall read as follows:]   A tax is hereby imposed upon the transfer of the net estate of every decedent dying on or after January 1, 2000, in an amount equal to the maximum amount of state death tax credit permissible as a credit or deduction in computing any federal estate tax payable by the estate according to the act of Congress in effect, on the date of the death of the decedent, taxing such estate with respect to the items subject to taxation in Mississippi. The tax imposed by this section shall not exceed the aggregate amounts which may by any law of the United States be allowed to be credited against or deducted for federal estate tax. The tax imposed by this section shall be due in the proportion that the estate located in Mississippi bears to the entire estate wherever located. The estate tax hereby imposed by this section shall only be exercised or enforced to the extent of absorbing the amount of any deduction or credit which may be permitted by the laws of the United States now existing or hereafter enacted to be claimed as a deduction or credit against such similar tax of the United States applicable to Mississippi estates.
MS Code § 27-9-9 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-9. Determination of net estate of resident decedent

 [For decedents dying before October 1, 1988, this section shall read as follows:]   For the purpose of the tax in the case of a resident, the value of the net estate shall be determined by deducting from the value of the gross estate:    Such amounts for funeral expenses, administration expenses, claims against the estate, unpaid mortgages, losses incurred during the settlement of the estate arising from fires, storms, shipwreck or other casualties, or from theft, when such losses are not compensated by insurance or otherwise, and such amounts reasonably required and actually expended for the support during the settlement of the estate, of those dependent upon the decedent, as are allowed by the laws of Mississippi, but not including any income taxes upon the income received after the death of the decedent, or any estate taxes;   An amount equal to the value at the time of the decedent's death of any property, real, personal, or mixed, which can be identified as having been received by the decedent as a share in the estate of any person who died within two years prior to the death of the decedent, or which can be identified as having been acquired by the decedent in exchange for property so received, if an estate tax under this chapter or any previous estate or inheritance tax act of this state was collected from such estate and if such property is included in the decedent's gross estate;   The amount of all bequests, legacies, devises or gifts to or for the use of the State of Mississippi, or for any political subdivision thereof, for exclusive public purposes; or to or for the use of any corporation or association organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, no part of the net earnings of which inures to the benefit of any private stockholder or individual, or to the trustee or trustees exclusively for such religious, charitable, scientific, literary, or educational purposes. This deduction shall be made in all cases where such bequests are not prohibited by the Mississippi statute mortmain, provided that all charitable deductions shall be limited to charities located within the United States or its possessions.
MS Code § 27-9-9 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-9. Determination of net estate of resident decedent

 [For decedents dying on or after October 1, 1988, this section shall read as follows:]   For the purpose of the tax in the case of a resident, the value of the net estate shall be determined by deducting from the value of the gross estate:    Such amounts for funeral expenses, administration expenses, claims against the estate, unpaid mortgages (except that any mortgage on real property shall be deducted from the value of such property wherever located), losses incurred during the settlement of the estate arising from fires, storms, shipwreck or other casualties, or from theft, when such losses are not compensated by insurance or otherwise, and such amounts reasonably required and actually expended for the support during the settlement of the estate, of those dependent upon the decedent, as are allowed by the laws of Mississippi, but not including any income taxes upon the income received after the death of the decedent, or any estate taxes;   An amount equal to the value at the time of the decedent's death of any property, real, personal or mixed, which can be identified as having been received by the decedent as a share in the estate of any person who died within two (2) years prior to the death of the decedent, or which can be identified as having been acquired by the decedent in exchange for property so received, if an estate tax under this chapter or any previous estate or inheritance tax act of this state was collected from such estate and if such property is included in the decedent's gross estate;   The amount of all bequests, legacies, devises or gifts to or for the use of the State of Mississippi, or for any political subdivision thereof, for exclusive public purposes; or to or for the use of any corporation or association organized and operated exclusively for religious, charitable, scientific, literary or educational purposes, no part of the net earnings of which inures to the benefit of any private stockholder or individual, or to the trustee or trustees exclusively for such religious, charitable, scientific, literary or educational purposes. This deduction shall be made in all cases where such bequests are not prohibited by the Mississippi statute mortmain, provided that all charitable deductions shall be limited to charities located within the United States or its possessions.
MS Code § 27-9-11 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-11. Specific exemption as to estate of resident decedent

 For the purposes of the tax imposed by this chapter the value of the taxable estate shall be determined in the case of a resident by deducting from the gross estate, after the deductions provided for in Section 27-9-9 have been made, the sum of One Hundred Twenty Thousand Six Hundred Sixty-six Dollars ($120,666.00) in the case of a decedent dying in 1978; the sum of One Hundred Thirty-four Thousand Dollars ($134,000.00) in the case of a decedent dying in 1979; the sum of One Hundred Forty-seven Thousand Three Hundred Thirty-three Dollars ($147,333.00) in the case of a decedent dying in 1980; the sum of One Hundred Sixty-one Thousand Five Hundred Sixty-three Dollars ($161,563.00) in the case of a decedent dying in 1981; and the sum of One Hundred Seventy-five Thousand Six Hundred Twenty-five Dollars ($175,625.00) in the case of a decedent dying in 1982 or any date thereafter prior to October 1, 1988; the sum of Four Hundred Thousand Dollars ($400,000.00) in the case of a decedent dying on or after October 1, 1988, but prior to October 1, 1989; the sum of Five Hundred Thousand Dollars ($500,000.00) in the case of a decedent dying on or after October 1, 1989, but prior to October 1, 1990; the sum of Six Hundred Thousand Dollars ($600,000.00) in the case of a decedent dying on or after October 1, 1990, but prior to January 1, 1998; the sum of Six Hundred Twenty-five Thousand Dollars ($625,000.00) in the case of a decedent dying in 1998; the sum of Six Hundred Fifty Thousand Dollars ($650,000.00) in the case of a decedent dying in 1999; the sum of Six Hundred Seventy-five Thousand Dollars ($675,000.00) in the case of a decedent dying in 2000 or 2001; the amount of the applicable exclusion established under 26 USC 2010, in the case of a decedent dying on or after January 1, 2002.
MS Code § 27-9-13 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-13. When intangibles of nonresident are exempt

 The tax imposed under the estate tax law of this state in respect of personal property (except tangible personal property having an actual situs in this state) shall not be payable (a) if the transferor at the time of his death was a resident of a state or territory of the United States, or the District of Columbia, which at the time of his death did not impose a death tax of any character in respect of personal property of residents of this state (except tangible personal property having an actual situs in such state, territory or district), or (b) if the laws of the state, territory or district of the residence of the transferor at the time of his death contained a reciprocal exemption provision under which nonresidents were exempted from said death taxes of every character in respect of personal property (except tangible personal property having an actual situs therein), provided that the state, territory or district of the residence of such nonresident decedents allowed a similar exemption to residents of the state, territory or district of residence of such decedent.
MS Code § 27-9-15 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-15. Determination of net estate of nonresident decedent

 [For decedents dying before October 1, 1988, this section shall read as follows:]    For the purposes of the tax in the case of a nonresident, the value of the net estate shall be determined by deducting from the value of that part of the gross estate which, at the time of death, is situated in the State of Mississippi that proportion of the deductions specified in subparagraphs 1 and 2 of Section 27-9-9 that the value of such part of the gross estate situated in the State of Mississippi bears to the value of the entire gross estate.   An amount equal to the value of any property forming a part of the gross estate situated in the State of Mississippi of any person who died within two (2) years prior to the death of the decedent, where such property can be identified as having been received by the decedent from such prior decedent by gift, bequest, devise, or inheritance, or which can be identified as having been acquired in exchange for property so received; provided, that this deduction shall be allowed only where an estate tax under this chapter or other laws was paid by or on behalf of the estate of such prior decedent and only in the amount of the value placed by the commissioner on such property in determining the value of the gross estate of such prior decedent, and only to the extent that the value of such property is included in that part of the decedent's gross estate which at the time of his death is situated in the state, and not deducted under the provisions of this chapter.   The amount of all bequests, legacies, devises, or transfers, except bona fide sales for a fair consideration in money or money's worth, in contemplation of or intended to take effect in possession or enjoyment at or after the decedent's death, to or for the use of the State of Mississippi or any political subdivision thereof, for exclusive public purposes or to or for the use of any domestic corporation or association organized and operating exclusively for religious, charitable, scientific, literary or educational purposes, no part of the net earnings of which inures to the benefit of any private stockholder or individual, or to a trustee or trustees exclusively for such religious, charitable, scientific, literary, or educational purposes within the State of Mississippi, provided such bequests are not void under the provisions of the Mississippi statutes of mortmain, it being the intention of this chapter to allow charitable deductions to nonresidents only when such deductions are to be used in this state, or are contributed to charitable or educational institutions operating, at least, partly within this state.
MS Code § 27-9-17 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-17. Deductions and exemptions as to estate of nonresident decedent

 The executor of the estate of a nonresident shall have the option of paying an estate tax due under this chapter by paying on the proportion of the estate located in Mississippi, which said proportion bears to the entire estate wheresoever located, and taking the allowable deductions and exemptions in the same proportions, or by paying upon the gross estate located within this state without taking any deductions whatsoever, provided that it shall not be necessary for a nonresident to pay upon any estate unless the gross estate, wheresoever situated, shall be above the amount of the specific exemption provided in Section 27-9-11.
MS Code § 27-9-19 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-19. Situs of property

 For the purpose of this tax, all tangible property, real, personal or mixed, located within the State of Mississippi at the date of decedent's death shall be deemed property within this state and shall be reported unless otherwise exempt.
MS Code § 27-9-21 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-21. Notice

 The executor of an estate of gross value exceeding the amount of the specific exemption provided in Section 27-9-11 shall, within sixty (60) days after the decedent's death or within a like period after qualifying as such, give written notice thereof to the commissioner. Such notice shall show the name of the decedent, the date of death, the name of the attorney and the probable value of the gross estate, also what transfers, if any, the decedent made within two (2) years before his death.
MS Code § 27-9-23 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-23. Executor to make return

 Within nine (9) months, or any extensions thereof, after the death of the decedent, the executor shall make a return in all cases where the gross estate at the time of death of the decedent exceeds the amount of the specific exemption provided in Section 27-9-11 and in the estate of every nonresident when any part of his gross estate is situated within the State of Mississippi. If the executor is unable to make a complete return as to any part of the gross estate of the decedent, he shall include in his return a description of such property, and the name of every person holding a legal or beneficial interest therein, and upon notice from the commissioner such persons shall in like manner make a return as to such part of the gross estate. Provided, however, the tax due upon farms and closely held businesses shall be due and payable at the time the federal estate tax return is due and payable.
MS Code § 27-9-25 (2020)
2020 Mississippi Code|Title 27 - Taxation and Finance|Chapter 9 - Estate Tax|§ 27-9-25. No administration; false return; duty of commissioner

 If no administration is granted upon the estate of the decedent, or if no return is filed or if the return contains a false or incorrect statement of material facts, the commissioner or his deputy or agent appointed by him under law, shall make a return and the commissioner shall assess the tax thereon as hereinafter provided by law.