35 Miss. Admin. Code Pt. IV, Subpt. 1, Ch. 05 — Taxpayer Discount

100 Taxpayers must file a single sales tax return which includes all individual permit
locations. Taxpayers should file a consolidated use tax return.
101 For prompt filing and payment of all taxes due, certain taxpayers are allowed a 2%
discount of the tax liability subject to the following limitations:

# 1.

It shall not exceed $50.00 per calendar reporting period (monthly, quarterly, or
annually), per permit location on each sales tax return and on each use tax return.

# 2.

Total shall not exceed $600.00 per permit location per calendar year.

# 3.

The discount is not available to:
a. Contractors
b. County or State agencies serving as collectors of sales or use tax
c. Public utilities
d. Wholesalers collecting the wholesale rates of tax which are equal to or greater
than the tax rate applicable to retail sales of the same property or service.
e. Any person failing to file by the 20
th
day following the reporting period. The
granting of extensions of time does not extend the period for claiming the
discount. An authorized extension avoids imposition of penalty and interest on
returns filed by the extended due date, but the discount is confined by Statute to
returns filed within twenty (20) days after the reporting period only.
f. Any person found deficient in the payment of his liability for any period. When a
deficiency assessment amounts only to a very small percentage of the total tax
paid, approval may be given to allow the discount.
102 (Reserved)