Print   Email   RSS

Franchise Tax in Mississippi

April 13, 2006

	Visited: 127
	Not rated
	Rate: Select 1 - Terrible 2 - Poor 3 - Average 4 - Good 5 - Outstanding

If your corporation in Mississippi is a domestic corporation (a corporation organized in Mississippi) or a foreign corporation (a corporation organized in a state other than Mississippi) you must file an annual franchise tax report. The tax is based on the value of the capital employed in Mississippi for the year. The value of the capital is measured by the combined outstanding capital stock (the total amount of stock authorized for issue by a corporation), paid-in capital, surplus and retained earnings. The tax rate is $2.50 per $1,000 of the value of the capital used in Mississippi, with a minimum tax of $25. The reports are filed with the Mississippi Chairman of the State Tax Commission.

In addition, in Mississippi each domestic and foreign corporation must file an annual report along with a $25 fee to the Secretary of State.

 Feedback   Mail To A Friend   Submit Article   Add To Favorites