For Immediate Release
July 9, 2001
MISSISSIPPI AND SOUTH CAROLINA EXPAND SALES AND USE TAX EXEMPTIONS
The State of Mississippi has recently broadened exemptions available to manufacturers and custom processors to include qualifying pollution control equipment for industrial use. The exemption became effective July 1, 2001.
In a similar move, South Carolina enacted legislation to exempt from sales and use tax machines, parts of machines, attachments and replacements necessary to comply with federal or state agencies in the prevention or abatement of air, water, and noise pollution resulting from manufacturing, processing, recycling, compounding, mining, or quarrying activities. The exemption became effective August 17, 2000. The state also passed legislation to fully exempt from sales and use tax machinery used primarily and directly in research and development activities. The effective date of this legislation was June 30, 2001. Prior to that date, the machinery was subject to a maximum tax of $300 if the machinery was located in a separate facility devoted exclusively to R&D.
If you would like additional information or have any questions, please contact J. Lynne Fontana, Regional Vice President - Sales & Use Tax Group at (281) 578-3700. E-mail lfontana@thesaltgroup.com
The HJH Consulting Group Plaza | 874 Harper Road | Suite 101 | Kerrville, Texas 78028 | 830.257.1290 | Fax 830.257.2138
©2001-2007 The SALT Group® - All
Rights Reserved
