83-110: Corporate Franchise Tax Schedule (2025)
Mississippi · Mississippi DOR · Used for tax years 2025
Mississippi Form 83-110 is the 2025 Corporate Franchise Tax Schedule. It reports the capital base, property and gross receipts used for apportionment, and assessed values of Mississippi property to calculate final taxable capital for Form 83-105.
What you'll need
Gather the figures needed for the schedule:
- Capital stock, paid-in capital, surplus and retained earnings, loans from shareholders or affiliates, and treasury stock.
- Deferred taxes, contingent liabilities, all true reserves, and other elements of the capital base.
- Year-end net book value of real and tangible personal property, plus gross receipts, for Mississippi and everywhere.
- Mississippi assessed values of real and personal property, listed by county.
The form calls for attached schedules for deferred taxes and other elements on line 5, the holding company exclusion on line 7, and the capital exemption on line 17. Attach an additional schedule for Mississippi assessed property values if needed.
Common mistakes
- Do not overlook the rounding instructions: the form generally says to round to the nearest dollar, but line 18 requires rounding final taxable capital up to the next highest $1,000.
- On line 15, enter the larger of line 13 or line 14, not the smaller amount.
- Do not prorate an initial return. For other returns covering less than twelve months, line 16 says to multiply line 15 by the number of months covered and divide by twelve.
- Transfer the line 18 amount to Form 83-105, line 1. If the amount is negative, enter zero there.
Questions people ask
How is the Mississippi apportionment ratio calculated?
Add property and gross receipts on lines 9 and 10 to get line 11 for each column. Divide the Mississippi total on line 11A by the everywhere total on line 11B to calculate line 12.
What if the business is 100% Mississippi?
The form says to enter the capital base from line 8 on line 13.
How do I determine taxable capital on line 15?
Compare taxable capital apportioned to Mississippi on line 13 with the total assessed value of Mississippi property on line 14. Enter the larger amount on line 15.
How do I calculate final taxable capital?
Subtract the capital exemption on line 17 from line 15 or line 16. Round the result up to the next highest $1,000 and enter it on Form 83-105, line 1. If the result is negative, enter zero on Form 83-105, line 1.