35 Miss. Admin. Code Pt. III, Subpt. 3, Ch. 02 — Exclusion for Improvements Erected by Lessee

100 The value of improvements to real property, attributable to buildings erected or other
improvements made by the lessee upon the leased property is excluded from gross income
of the lessor. However, where the facts disclose that such buildings or improvements
represent, in whole or in part, a substitution for rent payments for the lease period, the
exclusion does not apply.
101 (Reserved)
102 (Reserved)