Motor carrier taxes - Mississippi

Sales & use taxes

Mississippi imposes a sales and use tax within the state. All sales of tangible personal property within the state are subject to the regulate retail rate of sales tax unless the law exempts the item or provides a reduced rate of tax for an item. Use tax applies to personal property acquired in any manner for use, storage, or consumption within the state for which sales or use tax has not been paid for another state at an equal rate to Mississippi. Use tax rates are the same as those applicable to sales tax.

Vehicles are taxed at rate of 5 percent and it is based on the net purchase price of a vehicle. The 5 percent rate applies to cars, vans, buses, and other private carriers of passengers, as well as trucks with a gross vehicle weight of 10,000 pounds or less. Carriers of property and trucks with a vehicle weight exceeding 10,000 pounds are taxed at 3 percent.

Sales of automobiles, trucks, truck tractors, semitrailers, trailers, boats, travel trailers, motorcycles, all-terrain cycles, and rotary-wing aircraft that are exported from Mississippi, as well as registered and first used in another state, within 48 hours of purchase are exempt from Mississippi sales tax.

Credit is allowed for sales or use tax paid to another state except for automobiles, motor homes, trucks, truck-tractors, semitrailers, trailers, boats, travel trailers, motorcycles, and all-terrain cycles imported and first used within Mississippi. If the tax already paid is less than the amount due in Mississippi, the difference must be paid to Mississippi.