MS HB184

Expands Mississippi income tax to apply to nonresidents' net income derived from property, activity, or other sources within Mississippi, not just income from business conducted in the state.

Broadens the definition of "doing business" in Mississippi to include regular solicitation of business from potential customers in the state, issuance of credit cards to Mississippi customers, and regular performance of services outside Mississippi where benefits are received within the state.

Adds new categories of activities constituting "doing business": franchising or licensing agreements with Mississippi franchisees/licensees, and regular conduct of transactions involving intangible personal property (loans, credit extensions) that result in receipts flowing from Mississippi to the nonresident.

Establishes that income from services shall be apportioned to the state where the benefits of the services are received.

Effective date: January 1, 2013.