reglab/statecodes huggingface dataset:
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-3 - Definitions

As used in this chapter:
(a)
"Population" means the population as shown by the last census made by the United States; provided, that when any municipality makes and certifies an enumeration, as provided by law, it shall mean the population shown by such enumeration.
(b)
"Person" or "company," herein used interchangeably, shall be taken to include any individual, firm, partnership, joint adventure, association, corporation, estate, trust, or any other group or combination acting as a unit, and includes the plural as well as the singular number, unless the intention to give a more limited meaning is disclosed by the context.
(c)
"Year" and "annually" means either the calendar year, or a period of twelve (12) calendar months.
(d)
"Capacity, " when used with reference to manufacturing establishments, means and shall be determined from the rated capacity of the machinery installed by the manufacturer thereof.
(e)
"Business" shall include all activities or acts personal, professional, or corporate, engaged in or caused to be engaged in with the object of gain, profit, benefit, or advantage, either direct or indirect, or following or engaging in any trade, calling or profession, and all things which occupy the time, attention and labor of men for the purpose of a livelihood or profit.
(f)
"Place of business" means a store, shop, counting room, office, factory, or other location or locations whether in a building, enclosed space, or in any undefined place or places where any business as herein defined is done, conducted, or carried on.
(g)
"State-wide license" means a license issued by the Commissioner of Revenue, Commissioner of Insurance, or other officer required to collect the tax usable, good and valid, in each and every county in the state, unless otherwise limited and it shall be the authority of the licensee to engage in the business designated for the period of time under the conditions specified therein, and at the place or places stated, if the business carried on be at a definite place.
(h)
"State-wide tax" means the tax paid or imposed for a state-wide license.
(i)
"Officer" or "collector" when used with reference to officers whose duty it is to collect privilege taxes, means and includes every officer of the State of Mississippi, subdivisions or departments thereof whose duty it is to collect privilege taxes as by law provided.
(j)
"Commission," "State Tax Commission" or "Tax Commission" means the Department of Revenue.
(k)
"Tax commissioner, " "State Tax Commissioner," "Chairman of the State Tax Commission," "chairman" or "commissioner" means the Commissioner of Revenue of the Department of Revenue.
(l)
"Taxpayer" means any person liable for any tax hereunder in addition to the usual meaning of such word.
Codes, 1942, § 9427; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 1; Laws, 2009, ch. 492, § 55, eff. 7/1/2010.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-5 - Applicability and effect of chapter

All privilege taxes levied and imposed by this chapter shall be paid in addition to any and all other taxes, and, except to the extent otherwise provided by Section
27-15-7
, the provisions of this chapter shall not affect the operation of any other sections of the Mississippi Code of 1972 or other laws providing for the imposition, levy and collection of privilege taxes, including but not limited to privilege taxes on burial associations, chain stores, and the privilege taxes imposed by the Mississippi Levee District and the Yazoo-Mississippi Delta Levee District, nor shall the provisions of this chapter affect the operation of the sales tax law, nor shall the provisions of this chapter in any wise affect any law imposing a tax or fee or penalty, including filing fees, the fire marshal's fee, penalties or fees or charges imposed and collected by the commissioner of insurance as now provided, or may be hereafter provided, by the laws of Mississippi.
Codes, 1942, §§ 9669, 9693, 9694; Laws, 1940, ch. 120; Laws, 1942, ch. 118; Laws, 1944, ch. 138, §§ 50, 69, 70, eff. 6/1/1944.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-7 - Levy of taxes by counties, municipalities and levee districts on privileges restricted

The privileges taxed by this chapter shall not be taxed by the board of supervisors of any county; nor by any municipalities except as may be herein provided.
The Mississippi Levee District and the Yazoo-Mississippi Delta Levee District, and any other levee district authorized by law to levy privilege taxes, shall not levy any tax upon any privilege upon which a state-wide tax is levied under this chapter or any other law, except privileges upon public utilities and common carriers, and insurance companies.
Codes, 1942, § 9694; Laws, 1940, ch. 120; Laws, 1942, ch. 118; Laws, 1944, ch. 138, § 70, eff. 6/1/1944.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-9 - Classification of municipalities

For the purpose of this chapter the municipalities of the state are hereby divided into seven classes, numbered from one (1) to seven (7), which classes shall be according to the population thereof, as follows:
Class No. 1 shall include all municipalities having a population of twenty-five thousand (25,000) inhabitants or more.
Class No. 2 shall include all municipalities having a population of fifteen thousand (15,000) inhabitants, and less than twenty-five thousand (25,000) inhabitants.
Class No. 3 shall include all municipalities having a population of ten thousand (10,000) inhabitants, and less than fifteen thousand (15,000) inhabitants.
Class No. 4 shall include all municipalities having a population of five thousand (5,000) inhabitants, and less than ten thousand (10,000) inhabitants.
Class No. 5 shall include all municipalities having a population of three thousand (3,000) inhabitants, and less than five thousand (5,000) inhabitants.
Class No. 6 shall include all municipalities having a population of one thousand (1,000) inhabitants, and less than three thousand (3,000) inhabitants.
Class No. 7 shall include all municipalities having a population of five hundred (500) inhabitants, and less than one thousand (1,000) inhabitants.
The term "elsewhere in the state" as used in this chapter shall include all municipalities having a population of less than five hundred (500) inhabitants, and all other places outside of any municipality.
Codes, 1942, § 9428; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 2, eff. 6/1/1944.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-11 - Privilege taxes imposed

Every person desiring to engage in any business, or exercise any privilege hereafter specified shall first, before commencing same, apply for, pay for, and procure from the state tax commissioner or commissioner of insurance, a privilege license authorizing him to engage in the business or exercise the privilege specified therein, and the amount of tax shown in the following sections is hereby imposed for the privilege of engaging or continuing in the business set out therein.
Codes, 1942, § 9429; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 3, eff. 6/1/1944.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-13 - [Repealed]

Repealed by Laws, 1974, ch. 390, eff.6/1/1974.
Codes, 1942, § 9431; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 4; Laws, 1954, ch. 161, § 1.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-15 - [Repealed]

Repealed by Laws, 1974, ch. 429, eff.6/1/1974.
Codes, 1942, § 9433; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 5.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-17 - [Repealed]

Repealed by Laws, 1974, ch. 430, eff.6/1/1974.
Codes, 1942, § 9435; Laws, 1940, ch. 120; Laws, 1942, ch. 118; Laws, 1944, ch. 138, § 6.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-19 - [Repealed]

Repealed by Laws, 1974, ch. 464, eff.6/1/1974.
Codes, 1942, § 9450; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 7.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-21 - [Repealed]

Repealed by Laws, 1978, ch. 436, § 1, eff. 7/1/1978.
Codes, 1942, § 9452; Laws, 1940, ch. 120; Laws, 1942, ch. 118; Laws, 1944, ch. 138, § 8.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-23 - [Repealed]

Repealed by Laws, 1978, ch. 410, § 7, eff. 1/1/1979.
Codes, 1942, § 9465; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 9; Laws, 1956, ch. 415; Laws, 1958, chs. 561, 562, § 1.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-25 - [Repealed]

Repealed by Laws, 1974, ch. 431, eff.6/1/1974.
Codes, 1942, § 9466; Laws, 1940, ch. 120; Laws, 1942, ch. 118; Laws, 1944, ch. 138, § 10; Laws, 1958, ch 562, § 2.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-27 - [Repealed]

Repealed by Laws, 1974, ch. 465, eff.6/1/1974.
Codes, 1942, § 9470; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 12.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-29 - [Repealed]

Repealed by Laws, 1974, ch. 466, eff.6/1/1974.
Codes, 1942, § 9478; Laws, 1940, ch. 120; Laws, 1942, ch. 118; Laws, 1944, ch. 138, § 13; Laws, 1958, ch. 562, § 3.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-31 - [Repealed]

Repealed by Laws, 1974, ch. 432, eff.6/1/1974.
Codes, 1942, § 9482; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 14.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-33 - [Repealed]

Repealed by Laws, 1982, ch. 442, § 2, eff. 7/1/1983.
Codes, 1942, § 9484; Laws, 1940, ch. 120; Laws, 1942, ch. 118; Laws, 1944, ch. 138, § 15; Laws, 1950, ch. 533; Laws, 1956, ch. 429; Laws, 1958, ch. 562, § 4; Laws, 1962, ch. 590, § 1; Laws, 1971, ch. 352, § 1.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-35 - [Repealed]

Repealed by Laws, 1978, ch. 444, § 1, eff. 6/1/1978.
Codes, 1942, § 9485; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 16; Laws, 1958, ch. 562, § 5.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-37 - [Repealed]

Repealed by Laws, 1974, ch. 467, eff.6/1/1974.
Codes, 1942, § 9485; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 16; Laws, 1958, ch. 562, § 5.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-39 - [Repealed]

Repealed by Laws, 1974, ch. 468, eff.6/1/1974.
Codes, 1942, § 9520; Laws, 1938, ch. 120; Laws, 1940, ch. 112; Laws, 1946, ch. 440, §§ 1, 2.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-41 - [Repealed]

Repealed by Laws, 1974, ch. 433, eff.6/1/1974.
Codes, 1942, § 9552; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 25; Laws, 1958, ch. 562, § 6.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-43 - [Repealed]

Repealed by Laws, 1974, ch. 469, eff.6/1/1974.
Codes, 1942, § 9578; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 26.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-45 - [Repealed]

Repealed by Laws, 1978, ch. 436, § 1, eff. 7/1/1978.
Codes, 1942, § 9615; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 39; Laws, 1954, ch. 365, § 1; Laws, 1958, ch. 562, § 7.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-47 - [Repealed]

Repealed by Laws, 1978, ch. 474, § 3, eff. 6/1/1978.
Codes, 1942, § 9615; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 39; Laws, 1954, ch. 365, § 1; Laws, 1958, ch. 562, § 7.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-49 - [Repealed]

Repealed by Laws, 1978, ch. 498, § 2, eff. 6/1/1978.
Codes, 1942, § 9616; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 40; Laws, 1952, ch. 411, §§ 1, 2; Laws, 1954, ch. 368, §§ 1, 2; Laws, 1958, ch. 562, § 8.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-51 - [Repealed]

Repealed by Laws, 1974, ch. 434, eff.6/1/1974.
Codes, 1942, § 9622; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 41.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-53 - and 27-15-55 - [Repealed]

Repealed by Laws, 1978, ch. 436, § 1, eff. 7/1/1978.
§ 27-15-53. [Codes, 1942, § 9623; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 42] § 27-15-55. [Codes, 1942, § 9632; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 44]
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-57 - [Repealed]

Repealed by Laws, 1978, ch. 459, § 2, eff. 6/1/1978.
Codes, 1942, § 9649(2); Laws, 1944, ch. 138, § 45; Laws, 1948, ch. 454, § 1; Laws, 1952, ch. 408, § 1; Laws, 1956, ch. 416, § 1; Laws, 1958, ch. 562; Laws, 1966, ch. 638, § 1.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › GENERAL PROVISIONS (§§ 27-15-1 — 27-15-59) › Section 27-15-59 - [Repealed]

Repealed by Laws, 1978, ch. 474, § 3, eff. 6/1/1978.
Codes, 1942, § 9650; Laws, 1940, ch. 120; Laws, 1942, ch. 118; Laws, 1944, ch. 138, § 46; Laws, 1964, ch. 515, § 1.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-81 - Tax imposed

Every person, firm or corporation (other than burial associations, hospital service associations, nonprofit hospital, medical and surgical service corporations, nonprofit community service blood supply plans and nonprofit medical liability insurance corporations taxed as otherwise provided by law), which contracts on his, their or its accounts, to issue any policies for, or agreements for life, fire, marine, surety, guaranty, fidelity, employees' liability, liability, credit, health, accident, livestock, plate glass, tornado, automobile, automatic sprinkler, burglary, steam boiler and all other forms of insurance, shall, before any such company shall be permitted to engage or continue in such business, or exercise powers and rights under the laws of the State of Mississippi, pay to the commissioner of insurance as provided in this chapter, the following license and privilege taxes, which shall be in lieu of all licenses and privilege taxes, state, county or municipal, as follows:
Codes, 1942, § 9535; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 17; Laws, 1978, ch. 441, § 1, eff. 7/1/1978.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-82 - Effective date of privilege licenses issued under Title 83, Mississippi Code of 1972

Any privilege license issued under Title 83, Mississippi Code of 1972, shall be effective on the date the license is issued.
Laws, 2010, ch. 450, § 2, eff. 7/1/2010.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-83 - Privilege tax for foreign and domestic insurance companies; fee for amending privilege license

(1)
Upon each foreign insurance company licensed as a single line company defined under Section
83-19-1
, the privilege tax is as follows:
(a)
Fire and Allied Lines and/or Industrial Fire .................... $200.00
(b)
Casualty/Liability .................... $200.00
(c)
Fidelity and/or Surety .................... $200.00
(d)
Workers' Compensation .................... $200.00
(e)
Boiler and Machinery .................... $200.00
(f)
Plate Glass .................... $200.00
(g)
Aircraft .................... $200.00
(h)
Inland Marine and/or Ocean Marine .................... $200.00
(i)
Automobile Physical Damage/Automobile Liability .................... $200.00
(j)
Homeowners/Farmowners .................... $200.00
(k)
Guaranty/Mortgage Guaranty .................... $200.00
(l)
Trip Accident and Baggage .................... $200.00
(m)
Legal .................... $200.00
(n)
Life and/or Accident and Health; Credit Life, Accidentand Health; Industrial Life, Accident and Health; and Variable Contracts .................... $200.00
(o)
Title .................... $200.00
(p)
Fraternal .................... $ 50.00
(2)
For any combination of classifications of a foreign insurance company, the privilege tax for a multiple line company shall be Three Hundred Fifty Dollars ($350.00).
(3)
Any stock, mutual, reciprocal or reinsurance company shall pay the appropriate privilege tax for each line of insurance the company is licensed to underwrite.
(4)
For each domestic insurance which has its home office located in Mississippi, the privilege tax shall be one-half (1/2) of the fees listed in this section.
(5)
Each insurance company or association which amends its privilege license shall pay a fee of Twenty-five Dollars ($25.00).
Codes, 1942, § 9536; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 18; Laws, 1985, ch. 433, § 1; Laws, 1988, ch. 526, § 10; Laws, 1994, ch. 509, § 1; Laws, 1998, ch. 323, § 8, eff. 7/1/1998.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-85 - Business entity acting as insurance producer, limited lines producer or limited lines credit insurance producer

(1)
Upon each business entity, as defined in Section
83-17-53
, acting as an insurance producer, limited lines producer or limited lines credit insurance producer .................... $ 200.00.
Every individual acting as an insurance producer, limited lines producer, limited lines credit insurance producer, supervising general agent or managing general agent for a business entity shall meet all requirements set forth in Title 83 and no individual shall be exempt from the privilege tax placed on him by this chapter.
(2)
Upon each business entity, as defined in Section
83-17-53
, acting as an insurance producer, limited lines producer or limited lines credit insurance producer that amends its privilege license by adding or deleting a line of authority or for the issuance of a duplicate license .................... $ 50.00.
Codes, 1942, § 9538; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 20; Laws, 1948, ch. 353, § 1; Laws, 1962, ch. 476, § 1; Laws, 1977, ch. 334, § 2; Laws, 1990, ch. 557, § 1; Laws, 1991, ch. 430 § 1; Laws, 2001, ch. 510, § 27; Laws, 2009, ch. 448, § 1, eff. 11/1/2009.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-87 - Individual acting as insurance producer, limited lines producer or limited lines credit insurance producer

(1)
Upon each individual acting as an insurance producer, limited lines producer, limited lines credit insurance producer .................... $ 100.00.
(2)
Upon each individual acting as an insurance producer, limited lines producer or limited lines credit insurance producer that amends its privilege license by adding or removing a line of authority or for the issuance of a duplicate license .................... $ 25.00.
Codes, 1942, § 9539; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 21; Laws, 1948, ch. 353, § 2; Laws, 1962, ch. 477, § 1; Laws, 1985, ch. 433, § 2; Laws, 2001, ch. 510, § 28; Laws, 2009, ch. 448, § 2, eff. 11/1/2009.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-89 - Supervising general agents and managing general agents

(1)
Upon each supervising general agent as defined in Section
83-17-1
.................... $ 100.00.
(2)
Upon each managing general agent as defined in Section
83-18-103
.................... $ 100.00.
The privilege licenses issued under this section to "supervising general agents" shall not constitute authority to solicit business within the State of Mississippi, and shall be renewed annually at the time and in the manner prescribed by Section
83-17-25
on application forms which shall be furnished by the Commissioner of Insurance and shall show the name of the insurance company or companies such "supervising general agent" represents, and other additional information as may be required by the Commissioner of Insurance.
Codes, 1942, § 9539; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 21; Laws, 1948, ch. 353, § 2, 1962, ch. 477, § 1; Laws, 1977, ch. 334, § 3; Laws, 1985, ch. 433, § 3; Laws, 2001, ch. 510, § 29; Laws, 2009, ch. 448, § 3, eff. 11/1/2009.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-91 - Contents of license issued pursuant to 27-15-85, 27-15-87 and 27-15-89

When any person, firm, corporation or solicitor pays a tax required under Sections
27-15-85
,
27-15-87
and
27-15-89
, the license so issued shall state the type, types or kinds of insurance such licensee is permitted and qualified to engage in. Whenever there is no specific privilege license tax levied against insurance agents not otherwise classified in this statute, same shall be issued under Sections
27-15-85
,
27-15-87
,
27-15-89
, and this section, and shall state the type, types or kinds of insurance the licensee is licensed and qualified to engage in.
Codes, 1942, § 9539; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 21; Laws, 1948, ch. 353, § 2, 1962, ch. 477, § 1; Laws, 2009, ch. 448, § 4, eff. 11/1/2009.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-93 - [Repealed]

Repealed by Laws, 2009, ch. 448, § 14, effective 11/1/2009.
Codes, 1942, § 9540; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 22; Laws, 1978, ch. 462, § 3; Laws, 1985, ch. 433, § 4; Laws, 1990, ch. 557, § 2; Laws, 1991, ch. 430 § 2; Laws, 2001, ch. 510, § 30, eff. 1/1/2002.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-95 - [Repealed]

Repealed by Laws, 2009, ch. 448, § 15, effective 11/1/2009.
Codes, 1942, § 9541; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 23; Laws, 1978, ch. 462, § 4; Laws, 1985, ch. 433, § 5, eff. 7/1/1985.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-97 - Insurance adjusters

Upon each incorporated company, firm or association engaged in the business of adjusting any insured losses. .................... $400.00.
Upon each person engaged in the business of adjusting any insured losses .................... $100.00.
This section shall not apply to officers or salaried employees of insurers nor to special or other agents of licensed insurers who adjust for the insurers they represent.
Codes, 1942, § 9542; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 24; Laws, 1950, ch. 413, eff. 5/18/1950.
Amended by Laws, 2016, ch. 468, SB 2193, 1, eff. 7/1/2016.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-99 - [Repealed]

Repealed by Laws, 2009, ch. 448, § 16, effective 11/1/2009.
Codes, 1942, § 9543; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 24A; Laws, 1985, ch. 433, § 6, eff. 7/1/1985.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-101 - Collection of certain insurance taxes

All taxes, fees or licenses charged and imposed by Sections
27-15-81
through
27-15-97
shall be collected by the Commissioner of Insurance as provided in this chapter, and if not paid as provided by law, penalty shall be imposed as in other cases of failure to pay privilege licenses; no license required by such sections shall be prorated. The form of license and the form of application to be made therefor shall be prescribed by the Commissioner of Insurance.
Codes, 1942, § 9544; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 24B; Laws, 1985, ch. 433, § 7; Laws, 2009, ch. 448, § 18, eff. 11/1/2009.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-105 - Premium taxes; domestic companies

Every insurance company which, having been admitted to do business in this state, has withdrawn or shall hereafter withdraw from the state, shall continue to be liable for the tax hereby imposed and shall be required to make and file the annual statement thereof as is herein required and pay the required tax so long as it shall continue to collect premiums from its policyholders in the state.
Codes, 1942, § 9537-02; Laws, 1956, ch. 337, § 2, eff. 7/1/1956.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-109 - Premium taxes; domestic companies

(1)
Except as otherwise provided in Section
83-61-11
, there is hereby levied and imposed upon each domestic company doing business in this state an annual tax of three percent (3%) of the gross amount of premiums collected by such domestic company on insurance policies and contracts written in, or covering risks located in this state, except for premiums received on policies issued to fund a retirement, thrift or deferred compensation plan qualified under Section 401, Section 403 or Section 457 of the Federal Tax Code for federal tax exemption. Provided, however, that a domestic insurance company against which is levied additional premium tax under retaliatory laws of other states in which it does business, as a result of the tax increase provided by Sections
27-15-103
through
27-15-117
, may deduct the total of such additional retaliatory tax from the state income tax due by it to the State of Mississippi. The insurance carriers selected to furnish service to the State of Mississippi, under the State Employees Life and Health Insurance Plan, shall not be required to pay the premium tax levied against insurance companies under this section on the premiums collected for coverage under the state employees plan.
(2)
Except as expressly provided by subsection (1) of this section, all of the provisions of Sections
27-15-103
through
27-15-117
shall be applicable to such domestic insurance companies. However, the statement filed with the State Tax Commission by domestic insurance companies as provided in Section
27-15-107
shall include therein a sworn statement of all additional retaliatory premium taxes paid by them to other states as a result of the increase in premium taxes imposed by Sections
27-15-103
through
27-15-117
, itemized by states to which paid.
(3)
In the event that the Mississippi Supreme Court or another court finally adjudicates that any tax levied prior to July 1, 1985, under the provisions of this section was collected unconstitutionally and that a liability for a credit or refund for such collection has accrued, then the rate of tax set forth above shall be increased to four percent (4%) for a period of six (6) years beginning July 1 following such adjudication.
Codes, 1942, §§ 9537-04, 9537-05; Laws, 1956, ch. 337, §§ 4, 5; Laws, 1971, ch. 523, § 12; Laws, 1973, ch. 482, § 3; Laws, 1978, ch. 441, § 2; Laws, 1982, ch. 351, § 3; Laws, 1985, ch. 530, § 2; Laws, 1987, ch. 327, § 5; Laws, 1992, ch. 578, § 12; reenacted without change, Laws, 1994, ch. 620, § 12, eff. 7/1/1994.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-111 - [Repealed]

Repealed by Laws, 1990, ch 477, § 2, eff. 3/24/1990.
Codes, 1942, § 9537-06; Laws, 1956, ch. 337, § 6; 1982, ch 351, § 4.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-113 - Premium taxes; collection by state tax commission; administrative provisions of Sales Tax Law to apply

All taxes for which any company is liable under the provisions of this chapter or any other title or chapter which imposes a tax on insurance premiums shall be collected and recovered by the State Tax Commission in the same manner provided by law for the collection of sales taxes; and all administrative provisions of the Mississippi Sales Tax Law, including those which fix damages, penalties and interest for nonpayment of taxes, failure to file returns, and for other noncompliance with the provisions of said chapter, and all other requirements and duties imposed upon taxpayers, shall apply to all persons liable for taxes under the provisions of this chapter or any other title or chapter which imposes a tax on insurance premiums and the commission shall exercise all the power and authority and perform all the duties with respect to taxpayers under this chapter or any other title or chapter which imposes a tax on insurance premiums as are provided in said sales tax law, except that in cases of conflict, then the provisions of this chapter or any other title or chapter which imposes a tax on insurance premiums shall control.
Codes, 1942, § 9537-06; Laws, 1956, ch. 337, § 6; Laws, 1982, ch. 351, § 5; Laws, 1990, ch. 477, § 1, eff. 3/24/1990.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-115 - Additional taxes imposed

In addition to all other taxes authorized by law, insurance companies shall pay the license and privilege taxes imposed by Sections
27-15-81
and
27-15-83
, the taxes imposed by Sections
27-15-103
through
27-15-117
, ad valorem taxes on real estate and tangible personal property, state income tax, sales tax levied on a vendor with a requirement of adding it to the sales price and use tax levied on the cost of tangible personal property purchased outside this state for use within this state.
Codes, 1942, § 9537-07; Laws, 1956, ch. 337, § 7; Laws, 1958, ch. 446; Laws, 1960, ch. 371; Laws, 1962, ch. 475; Laws, 1978, ch. 441, § 4, eff. 7/1/1978.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-117 - Premium taxes; applicability to mutual and reciprocal insurance companies and associations

All of the provisions of Sections
27-15-103
through 27-15-117 shall be applicable to mutual and reciprocal insurance companies and associations.
Codes, 1942, § 9537-08; Laws, 1956, ch. 337, § 8, eff. 7/1/1956.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-119 - Premium taxes; annuity policies and contracts

(1)
Notwithstanding any other provisions of the laws of this state, the rate of the annual license or privilege tax on the gross amount of premium receipts received from and on annuity policies and contracts written in or covering risks located in this state shall be one percent (1%) upon all insurance companies and associations from July 1, 1994, through June 30, 1995, and thereafter there shall be no annual license or privilege tax on the gross amount of premium receipts received from and on annuity policies and contracts written in or covering risks located in this state upon all insurance companies and associations. Provided, however, an annual license or privilege tax on the gross amount of premium receipts received from and on policies and contracts issued to fund a retirement, thrift or deferred compensation plan qualified under Section 401, Section 403, an individual retirement annuity qualified under Section 408 or Section 457 of the Federal Tax Code for federal tax exemption shall not be imposed on any foreign or domestic company, unless such foreign company has its principal place of business in a state which imposes a license or privilege tax on such policies issued by companies having their principal place of business in Mississippi, in which case said foreign company shall be taxed at the same rate its state of principal business imposes a license or privilege tax on Mississippi companies with respect to such policies. Provided further, in the event an insurance company has heretofore included in its premium charge the tax required hereby, said premium charges on all such annuity policies and contracts shall be reduced by the amount of said tax within one hundred twenty (120) days from March 30, 1974. This latter provision shall apply to all such annuity policies and contracts qualified under Section 401, Section 403, Section 408 or Section 457 of the Federal Tax Code for federal tax exemption presently in force as well as to those hereafter issued.
(2)
In the event that the Mississippi Supreme Court or another court finally adjudicates that any tax levied prior to July 1, 1985, under the provisions of this section was collected unconstitutionally and that a liability for a credit or refund for such collection has accrued, then the rate of tax set forth above shall be increased to four percent (4%) for a period of six (6) years beginning July 1 following such adjudication.
Codes, 1942, § 9537.5; Laws, 1956, ch. 339; Laws, 1973, ch. 482, § 2; Laws, 1974, ch. 474; Laws, 1982, ch. 398; Laws, 1984, ch. 462, § 11; Laws, 1985, ch. 530, § 3; Laws, 1987, ch. 327, § 6; Laws, 1994, ch. 441, § 1, eff. 7/1/1994.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-121 - Premium retaliatory tax; citation

Sections 27-15-121 through
27-15-127
shall be known as the "Mississippi Insurance Premium Tax Retaliatory Law."
Codes, 1942, § 9537-21; Laws, 1964, ch. 474, § 1, eff. 12/31/1964.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-123 - Premium retaliatory tax; imposition

When by or pursuant to the laws of any other state or foreign country any taxes, licenses and other fees, in the aggregate, and any fines, penalties, deposit requirements or other material obligations, prohibitions or restrictions are or would be imposed upon Mississippi insurers, or upon the agents or representatives of such insurers, which are in excess of such taxes, licenses and other fees, in the aggregate, or which are in excess of the fines, penalties, deposit requirements or other obligations, prohibitions, or restrictions directly imposed upon similar insurers, or upon the agents or representatives of such insurers, of such other state or country under the statutes of this state, so long as such laws of such other state or country continue in force or are so applied, the same taxes, licenses and other fees, in the aggregate, or fines, penalties or deposit requirements or other material obligations, prohibitions or restrictions of whatever kind shall be imposed by the state tax commission or the commissioner of insurance upon the insurers, or upon the agents or representatives of such insurers, of such other state or country doing business or seeking to do business in Mississippi. Any tax, license or other fee or other obligation imposed by any city, county or other political subdivision or agency of such other state or country on Mississippi insurers or their agents or representatives shall be deemed to be imposed by such state or country within the meaning of this section.
Codes, 1942, § 9537-22; Laws, 1964, ch. 474, § 2; Laws, 1982, ch. 351, § 6, eff. 7/1/1982.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-125 - Premium retaliatory tax; excluded taxes and charges

Sections
27-15-121
through
27-15-127
shall not apply as to personal income taxes, nor as to ad valorem taxes on real or personal property nor as to special purpose obligations or assessments imposed by another state in connection with particular kinds of insurance, other than property insurance, except that deductions, from premium taxes or other taxes otherwise payable, allowed on account of real estate or personal property taxes paid shall be taken into consideration by the state tax commission in determining the propriety and extent of retaliatory action under this section.
Codes, 1942, § 9537-23; Laws, 1964, ch. 474, § 3; Laws, 1982, ch. 351, § 7, eff. 7/1/1982.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-127 - Premium retaliatory tax; determination of domicile of foreign insurer

For the purposes of Sections
27-15-121
through 27-15-127 the domicile of a foreign insurer other than insurers formed under the laws of Canada, shall be that state designated by the insurer in writing filed with the commissioner at time of admission to this state or within six months after June 11, 1964, whichever date is the later, and may be any one of the following states:
(a)
That in which the insurer was first authorized to transact insurance;
(b)
That in which is located the insurer's principal place of business in the United States; or
(c)
That in which is held the larger deposit of trusteed assets of the insurer for the protection of its policyholders and creditors in the United States.
If the insurer makes no such designation its domicile shall be deemed to be that state in which is located its principal place of business in the United States.
In the case of an insurer formed under the laws of Canada or a province thereof, its domicile shall be deemed to be that province in which its head office is situated.
Codes, 1942, § 9537-24; Laws, 1964, ch. 474, § 4, eff. 12/31/1964.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-129 - Reduction in premium tax for qualifying Mississippi investments

(1)
The amount of premium tax payable pursuant to Sections
27-15-103
,
27-15-109
,
27-15-119
and
83-31-45
, Mississippi Code of 1972, shall be reduced from the amount otherwise fixed in such sections if the payer files a sworn statement with the required annual report showing as of the beginning of the reporting period that at least the following amounts of the total admitted assets of the payer were invested and maintained in qualifying Mississippi investments as hereinafter defined in subsection (2) of this section over the period covered by such report:
Percentage of Total Admitted
Assets in Qualifying Tax Payable
Percentage of Premium
Mississippi Investments
Tax Payable
1%
99%
2%
98%
3%
97%
4%
96%
5%
95%
6%
94%
7%
93%
8%
92%
9%
91%
10%
80%
15%
70%
20%
60%
25%
50%
(2)
For the purpose of this section, "a qualifying Mississippi investment" is hereby defined as follows:
(a)
Certificates of deposit issued by any bank or savings and loan association domiciled in this state;
(b)
Bonds of this state or bonds of municipal, school, road or levee districts, or other political subdivisions of this state;
(c)
Loans evidenced by notes and secured by deeds of trust on property located in this state;
(d)
Real property located in this state;
(e)
Policy loans to residents of Mississippi, or other loans to residents of this state, or to corporations domiciled in this state;
(f)
Common or preferred stock, bonds and other evidences of indebtedness of corporations domiciled in this state; and
(g)
Cash on deposit in any bank or savings and loan association domiciled in this state.
"A qualifying Mississippi investment" shall not include any investment for which a credit is allocated under Section
57-105-1
and/or Section
57-115-1
et seq.
(3)
If the credits, or any part thereof, authorized by the preceding provisions of this section shall be held by a court of final jurisdiction to be unconstitutional and void for any reason or to make the annual premium taxes levied by Sections
27-15-103
,
27-15-109
,
27-15-119
and
83-31-45
, Mississippi Code of 1972, unlawfully discriminatory or otherwise invalid under the Fourteenth Amendment or the Commerce Clause of the Constitution of the United States or under any state or other federal constitutional provisions, it is hereby expressly declared that such fact shall in no way affect the validity of the annual premium taxes levied thereby, and that such provisions would have been enacted even though the Legislature had known this credit section would be held invalid.
(4)
This section shall apply to taxes accruing and investments existing from and after July 1, 1985.
Laws, 1985, ch. 530, § 5; Laws, 1986, ch. 321; Laws, 1989, ch. 576, § 1; Laws, 1990, ch. 333, § 1; Laws, 1991, ch. 381, § 1; Laws, 1992, ch. 375, § 1; Laws, 2007, ch. 528, § 2; Laws, 2011, ch. 524, § 7, eff. 7/1/2011.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-131 - Credit for overpayment of taxes

In the event a company has overpaid taxes levied pursuant to Section
27-15-103
,
27-15-109
,
27-15-119
or
83-31-45
, the commissioner may give credit for such overpayment and allow the company to take credit on subsequent returns or, if necessary, in the discretion of the commissioner, refund such overpayment as otherwise provided by Section
27-15-113
.
Laws, 1985, ch. 530, § 6, eff. 7/1/1985.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › INSURANCE TAXES (§§ 27-15-81 — 27-15-133) › Section 27-15-133 - Credit against premium tax for domestic or foreign insurance company that writes policies within coast area of the state

There shall be allowed as a credit against the tax imposed under Sections
27-15-103
through
27-15-129
, in an amount equal to ten percent (10%) of the gross premium receipts on new policies written for essential property insurance (as defined in Section
83-34-1
) within the coast area of this state on or after January 1, 2007, for any domestic or foreign insurance company which writes policies within the coast area; provided, however, the credit allowed hereunder shall not exceed One Hundred Thousand Dollars ($100,000.00) during any calendar year. The State Tax Commission and the Department of Insurance shall determine what constitutes new policies written, or covering risk, within the coast area of this state. Any tax credit claimed under this section but not used in any taxable year may be carried forward for the three (3) succeeding tax years. For purposes of this section, "coast area" shall have the meaning as provided in Section
83-34-1
.
Laws, 2007, ch. 425, § 4, eff. 3/22/2007.
Mississippi Code 1972 (2023) › Title 27 - TAXATION AND FINANCE (§§ 27-1-1 — 27-117-15) › Chapter 15 - STATEWIDE PRIVILEGE TAXES (§§ 27-15-1 — 27-15-251) › PUBLIC UTILITIES (§§ 27-15-151 — 27-15-173) › Section 27-15-151 - Tax imposed

There is hereby imposed and levied and shall be collected annual privilege taxes, in addition to any and all other taxes imposed by law upon the persons, firms, co-partnerships, associations, or corporations, for the privilege of carrying on and continuing the businesses, activities, and exercising powers and rights under the laws of the State of Mississippi, which said tax shall be levied and collected as herein provided.
Codes, 1942, § 9599; Laws, 1940, ch. 120; Laws, 1944, ch. 138, § 27, eff. 6/1/1944.