Mississippi Code Title 27. Taxation and Finance § 27-7-3

(a) “Taxpayer” includes any individual, partnership, corporation, association, trust or estate, subject to a tax imposed hereunder, or whose income is, in whole or in part, subject to a tax imposed hereunder.

(b) “Domestic,” when applied to any corporation or association, including partnerships, means created or organized in the State of Mississippi.

(c) “Foreign,” when applied to any corporation or association, including partnerships, means created or organized outside the State of Mississippi.

(d) “Fiduciary” means a guardian, trustee, executor, administrator, receiver, conservator, or any person, whether individual or corporate, acting in any fiduciary capacity, for any person, trust, or estate.

(e) “Resident” means a natural person and includes, for the purpose of determining liability for the tax imposed by this article upon or with reference to the income of any taxable year, any person domiciled in the State of Mississippi and any other person who maintains a legal or actual residence within the state.

(f) “Nonresident,” when used in connection with this article, shall apply to any natural person whose domicile and place of abode is without the State of Mississippi.

(g) “Foreign country” or “foreign government” means any jurisdiction other than the one embraced within the United States. The words “United States” includes the states, the District of Columbia, and the territorial possessions of the United States.

(h) “State Tax Commission” or “Tax Commission” means the Department of Revenue. “Commission” or “department” also means the Department of Revenue except where such words are specifically given other meanings.

(i) “Commissioner,” “Chairman of the Mississippi State Tax Commission,” “Chairman of the State Tax Commission,” “chairman of the commission” or “chairman” means the Commissioner of Revenue of the Department of Revenue.

(j) “Taxable year” means the calendar year, or fiscal year ending during such calendar year, upon the basis of which the net income is computed hereunder. “Fiscal year” means an accounting period of twelve (12) months, ending on the last day of any month other than December.

(k) “Paid or accrued” means paid or accrued, or paid or incurred, and these terms, “paid or incurred” or “paid or accrued,” shall be construed according to the method of accounting or the basis on which the net income is computed. The term “received for the purpose of computation of net income” means received or accrued, and the term “received or accrued” shall be construed according to the method of accounting or the basis on which the net income is computed.

(l) “Dividend” means any distribution made by a corporation, association, trust or estate, to its shareholders or members, whether in cash, other property, or its own stock.