Mississippi Fuel Delivery And Storage Services - Self-Employed
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How to fill out Mississippi Fuel Delivery And Storage Services - Self-Employed?
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FAQ
General. Does Mississippi impose a sales tax? Yes, Mississippi imposes a tax on the sale of tangible personal property and various services.
The state of Mississippi issues just one exemption form, to be utilized when purchasing exempt items such as items intended for resale. The state is one of the few states to only offer one exemption form.
All sales of tangible personal property in the State of Mississippi are subject to the regular retail rate of sales tax (7%) unless the law exempts the item or provides a reduced rate of tax for an item. The tax is based on gross proceeds of sales or gross income, depending on the type of business.
Goods that are subject to sales tax in Mississippi include physical property, like furniture, home appliances, and motor vehicles. Prescription medicine and gasoline are both tax-exempt.
When it comes to sales tax, the general rule of thumb has always been products are taxable, while services are non-taxable. Under that scenario, if your business sells coffee mugs, you should charge sales tax for those products.
In general, clothing, groceries, medicines and medical devices and industrial equipment are sales tax exempt in many states (but don't assume they'll be exempt in all states. Every state is different when it comes to sales tax!)
In the state of Mississippi, services are not generally considered to be taxable.
Some items are exempt from sales and use tax, including:Sales of certain food products for human consumption (many groceries)Sales to the U.S. Government.Sales of prescription medicine and certain medical devices.Sales of items paid for with food stamps.
Goods that are subject to sales tax in Mississippi include physical property, like furniture, home appliances, and motor vehicles. Prescription medicine and gasoline are both tax-exempt.