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Tax Law

Mississippi Supreme Court Doubles Down Denying Deference to DOR Regulation

The Mississippi Supreme Court held that a state chancery court erred in deferring to the Mississippi Department of Revenue and Mississippi Gaming Commission’s  regulatory interpretation of a Mississippi tax statute governing the computation of the state gaming license fee. However, the court agreed with the chancery court that costs of prizes from casino rewards program drawings were not deductible from gross revenue, based on the plain language of the statute.

Read our full legal alert here.