Mississippi § 27-9-5 - Tax levy.
Full text of Mississippi Mississippi Code of 1972 Annotated § 27-9-5 — Tax levy., with citation guidance and answers to common questions.
§ 27-9-5. Tax levy.
[For decedents dying on or after October 1, 1989, and before October 1, 1990, this section shall read as follows:] A tax equal to the sum of the following percentages of the value of the net estate is hereby imposed upon the transfer of the net estate of every decedent dying on or after October 1, 1989, and before October 1, 1990, whether a resident or a nonresident of the State of Mississippi: MISSISSIPPI ESTATE TAX SCHEDULE Over But not over Of excess over $ -0- $ 100,000 1.4% 100,000 200,000 1,400 plus 2.8% 100,000 200,000 400,000 4,200 plus 4.4% 200,000 400,000 600,000 13,000 plus 5.75% 400,000 600,000 800,000 24,500 plus 6.9% 600,000 800,000 1,000,000 38,300 plus 8.3% 800,000 1,000,000 1,500,000 54,900 plus 9.7% 1,000,000 1,500,000 2,000,000 103,400 plus 10.85% 1,500,000 2,000,000 2,500,000 157,650 plus 12.0% 2,000,000 2,500,000 3,000,000 217,650 plus 13.15% 2,500,000 3,000,000 3,500,000 283,400 plus 14.3% 3,000,000 3,500,000 4,000,000 354,900 plus 15.7% 3,500,000 4,000,000 5,000,000 433,400 plus 16.1% 4,000,000 5,000,000 6,000,000 594,400 plus 16.5% 5,000,000 6,000,000 7,000,000 759,400 plus 16.9% 6,000,000 7,000,000 8,000,000 928,400 plus 17.3% 7,000,000 8,000,000 9,000,000 1,101,400 plus 17.7% 8,000,000 9,000,000 10,000,000 1,278,400 plus 18.1% 9,000,000 10,000,000 and over 1,459,400 plus 18.5% 10,000,000 Click to view Provided, however, that the tax due under this section shall not be less than the state death tax credit allowable under Title 26, Section 2011, USCS.
Frequently Asked Questions About Mississippi § 27-9-5
What does Mississippi Code of 1972 Annotated § 27-9-5 cover?
Section 27-9-5 ("Tax levy.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 27-9-5?
A common citation format is "Mississippi Code of 1972 Annotated § 27-9-5" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 27-9-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.