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Corporate Close-Up: Mississippi’s Ambiguous Apportionment Rules for Manufacturers – Bloomberg BNA

Butler Snow’s J. Paul Varner and Alveno N. Castilla were recently mentioned in Bloomberg BNA’s article Corporate Close-Up: Mississippi’s Ambiguous Apportionment Rules for Manufacturers:

However, J Paul Varner, a tax attorney with Butler Snow LLP in Mississippi and co-author of the Bloomberg BNA Mississippi Corporate Income Tax Navigator(subscription required), noted that Mississippi has designed incentives for manufacturers to locate very large manufacturing operations in the state. He added that Mississippi has, under the Mississippi Major Economic Impact Act, statutorily allowed a few manufacturers selling at wholesale to utilize a single sales apportionment factor under Miss. Code § 27-7-30(3)(e).

 

Alveno Castilla, also a tax attorney at Butler Snow LLP, and co-author of the Bloomberg BNA Mississippi Corporate Income Tax Navigator (subscription required), told Bloomberg BNA that the state itself makes the determination as to whether certain enterprises are engaged in manufacturing activities that qualify for the major tax incentives under the Mississippi Major Economic Impact Act. Under that act, the decision is left to the Mississippi Major Economic Impact Authority to decide if the enterprise is a “qualified business or industry” as provided in Miss. Code §§ 27-7-30(1)(a) and 57-75-5(f)(xxi).

To read the original coverage of J. Paul Varner and Alveno N. Castilla by Bloomberg BNA in its entirety, please visit https://www.bna.com/corporate-closeup-mississippis-b57982087036/