Mississippi Resolution of Intent to Grant Tax Exemption
About this form
The Resolution of Intent to Grant Tax Exemption is a formal declaration by local government, specifically the Board of Supervisors and the Mayor, indicating their intent to exempt a specific entity from paying ad valorem taxes for a period of ten years. This resolution is essential for attracting new industrial enterprises to the area by offering them tax benefits as an incentive. Unlike general tax exemption forms, this resolution is specifically designed to meet the requirements set forth in the Mississippi Code related to local government tax exemptions.
Key parts of this document
- Identification of the Partnership receiving the tax exemption.
- Details of the specific tax exemptions granted under Mississippi Code Sections 27-31-101 and 27-31-7.
- Commitments from the Board of Supervisors to approve exemption applications submitted by the Partnership.
- Statements affirming the best interest of the county and its citizens regarding the tax exemption.
- Signature lines for the President of the Board and the Chancery Clerk.
When to use this form
This form should be used when a local government body, such as a county Board of Supervisors, intends to grant tax exemptions to a partnership or corporation planning to establish a new industrial enterprise in the area. It is applicable when the local government wants to officially document its commitment to help foster economic development by providing tax incentives.
Who this form is for
- County Boards of Supervisors in Mississippi.
- Specific partnerships or corporations seeking tax exemption for new industrial projects.
- Local government officials tasked with economic development procedures.
Steps to complete this form
- Fill in the name of the Partnership seeking the tax exemption.
- Enter the specifics of the new industrial enterprise involved.
- Include dates and details of board discussions regarding the tax exemption.
- Sign the resolution by the President of the Board and the Chancery Clerk.
- Submit the completed resolution to the Mississippi State Tax Commission as required.
Notarization requirements for this form
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to provide complete information about the Partnership or enterprise.
- Not obtaining all necessary signatures before submission.
- Missing deadlines for submitting the exemption applications.
Benefits of completing this form online
- Convenient access to professionally drafted templates anytime.
- Editability allows for customization to fit specific needs.
- Reliable product backed by legal experts, ensuring compliance with state laws.
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FAQ
How do you register for a sales tax permit in Mississippi? Business owners can register online at Mississippi's TAP website. Mississippi encourages online sellers to register and file sales tax online.
Sales of property, labor or services sold to, billed directly to, and payment is made directly by the United States Government, the state of Mississippi and its departments, institutions, counties and municipalities or departments or school districts of its counties and municipalities are exempt from sales tax.
Since the Mississippi Department of Revenue doesn't provide resale certificates, a vendor who regularly works with resellers might put together a form that serves the same purposes. Essentially, you'll have a form to collect the buyer's name, address, and permit number.
Persons who are 65 years of age and older or who are disabled, upon application and proof of eligibility, are exempt from all ad valorem taxes up to $7,500.00 of assessed value.
The answer is simple no. In Mississippi, paying the property taxes on someone else's land does not affect ownership in any manner. You simply cannot obtain title to someone's land by paying their taxes for them.
The state of Mississippi issues just one exemption form, to be utilized when purchasing exempt items such as items intended for resale. The state is one of the few states to only offer one exemption form.
Persons who are 65 years of age and older or who are disabled, upon application and proof of eligibility, are exempt from all ad valorem taxes up to $7,500.00 of assessed value.
Note: Prior to 2020, Single and Head of Household will all be coded as filing status MS. Married will be coded as filing status MJ. The Standard tax tables are used to calculate tax based on the employee's marital status. The exemption amount per withholding allowance claimed has changed from $4,200 to $4,300.
Mississippi Form 89-350, Employee's Withholding Exemption Certificate. The Mississippi Form 89-350, Employee's Withholding Exemption Certificate, must be completed so that you know how much state income tax to withhold from your new employee's wages.
