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Ad Valorem Tax Exemptions in Mississippi by S Craig Panter Form

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Ad Valorem Tax Exemptions in Mississippi by S Craig Panter Form

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what are exemptions from taxation well generally this comes in three categories the first category that I want to talk to you about is exempt income well what you see here is a long list of different things that would generally constitute income to an individual but would be considered exempt for taxation purposes to start with non-profits nonprofits get an authorization or certification from the federal government and a similar certification from State governance where certain activities that they carry on that generates income is not subject to taxation okay employee educational assistance this is an employment benefit that again would seem like it was compensation from the employer but has been Exempted from income adoption benefits once again this is a benefit or a perk with employment that otherwise is not subject to taxation child support that is funds received for support of a dependent child is not subject to taxation foster care payments if you are a foster parent and you are

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