§ 27-9-59. Chapter in force until federal estate tax repealed
The estate tax law of this state shall remain in force and effect so long as the government of the United States retains in full force and effect as a part of the revenue laws of the United States a federal estate tax, and this statute shall be repealed as and when the government of […]
§ 27-9-8. Valuation of farm and closely held business property
If the decedent was, at the time of his death, a resident of the State of Mississippi, and the executor elects the application of this section and files the agreement referred to in subsection (4)(b), then, for the purposes of this chapter, the value of qualified real property shall be its value for the use […]
§ 27-9-9. Determination of net estate of resident decedent
[For decedents dying before October 1, 1988, this section shall read as follows:] For the purpose of the tax in the case of a resident, the value of the net estate shall be determined by deducting from the value of the gross estate: Such amounts for funeral expenses, administration expenses, claims against the estate, unpaid […]
§ 27-9-10. Deduction of value of qualified terminable interest property from gross estate in determining net estate; limitation to resident
In the case of a resident, the value of qualified terminable interest property shall be deducted from the value of the gross estate in determining the net estate. For purposes of this subsection (1): Subparagraph (ii) 2. shall not apply to a power exercisable only at or after the death of the surviving spouse. The […]
§ 27-9-11. Specific exemption as to estate of resident decedent
For the purposes of the tax imposed by this chapter the value of the taxable estate shall be determined in the case of a resident by deducting from the gross estate, after the deductions provided for in Section 27-9-9 have been made, the sum of One Hundred Twenty Thousand Six Hundred Sixty-six Dollars ($120,666.00) in […]
§ 27-9-13. When intangibles of nonresident are exempt
The tax imposed under the estate tax law of this state in respect of personal property (except tangible personal property having an actual situs in this state) shall not be payable (a) if the transferor at the time of his death was a resident of a state or territory of the United States, or the […]
§ 27-9-15. Determination of net estate of nonresident decedent
[For decedents dying before October 1, 1988, this section shall read as follows:] For the purposes of the tax in the case of a nonresident, the value of the net estate shall be determined by deducting from the value of that part of the gross estate which, at the time of death, is situated in […]
§ 27-9-17. Deductions and exemptions as to estate of nonresident decedent
The executor of the estate of a nonresident shall have the option of paying an estate tax due under this chapter by paying on the proportion of the estate located in Mississippi, which said proportion bears to the entire estate wheresoever located, and taking the allowable deductions and exemptions in the same proportions, or by […]
§ 27-9-19. Situs of property
For the purpose of this tax, all tangible property, real, personal or mixed, located within the State of Mississippi at the date of decedent’s death shall be deemed property within this state and shall be reported unless otherwise exempt.
§ 27-9-21. Notice
The executor of an estate of gross value exceeding the amount of the specific exemption provided in Section 27-9-11 shall, within sixty (60) days after the decedent’s death or within a like period after qualifying as such, give written notice thereof to the commissioner. Such notice shall show the name of the decedent, the date […]