Mississippi Exemption Form

• Category: Mississippi Taxes - General
• State: Mississippi
• Control #: MS-60019
• Format: Word; Rich Text

Description Mississippi Exemption Application

Application of *** for Exemption from Ad Valorem Taxes for Certain Manufactured Products Held for Sale or Shipment to Other than Final Consumer for a Period of Ten (10) Years, as Authorized by Section 27-31-7 of the Mississippi Code of 1972, as Amended: This is an Application to the Mayor and Baord of Aldermen seeking an exemptionf rom paying ad valorem taxes for a period of ten years. This application must be approved by both the mayor and the MS State Tax Commission. This form is available in both Word and Rich Text formats.

Ms-14, or more commonly known as MS-14, stands for Mississippi-14, referring to the regulations set in Mississippi that require certain entities to be registered with the state. However, there are specific types of entities that are exempt from this registration requirement. Let's delve into the details. In Mississippi, several entities are exempt from registration under MS-14. These exemptions are applicable to specific categories of organizations. The following are some entities exempt from being registered: 1. Non-Profit Organizations: Non-profit organizations, including charitable, religious, educational, and scientific organizations, are generally exempt from registration in Mississippi. However, it is important to note that certain non-profit organizations may still need to adhere to specific reporting requirements or comply with other regulations. 2. Government Agencies: Government agencies, including federal, state, and local government entities, are exempt from the registration requirements in Mississippi. These agencies are bound by their own set of rules and regulations. 3. Political Organizations: Political organizations, such as political parties, committees, and candidates' campaigns, are exempt from registration under MS-14. However, they must fulfill the requirements set by the Mississippi Secretary of State's Office for political finance reporting. 4. Religious Institutions: Churches, religious societies, and other recognized religious institutions are generally exempt from registration in Mississippi. However, they may still need to comply with certain regulations related to tax-exempt status or property use. 5. Agricultural Co-operatives: Agricultural co-operatives, which are formed to assist and benefit farmers and agricultural producers, are exempt from registration in Mississippi. However, they may need to comply with specific reporting requirements or regulations related to their operations. 6. Insurance Companies: Insurance companies, which are regulated by the Mississippi Insurance Department, are exempt from being registered under MS-14. They have their own registration and compliance requirements governed by the department. 7. Banks and Financial Institutions: Banks, credit unions, and other financial institutions are exempt from the registration requirements of MS-14. They are subject to a separate set of regulations enforced by the Mississippi Department of Banking and Consumer Finance. It is essential to note that the exemptions mentioned above are not exhaustive. There may be additional entities or specific situations exempted from registration under MS-14, depending on the nature of the organization and the applicable laws and regulations in Mississippi. Therefore, it is advisable to consult legal experts or relevant state authorities for accurate and up-to-date information regarding registration requirements and exemptions in Mississippi.