The Mississippi Supreme Court on February 22, 2024, affirmed that certain sales did not qualify for the resale exemption. The taxpayer is a Wyoming–based company that sells supplies and items used in the oil and gas industry. The taxpayer made certain sales they considered exempt wholesale sales to oilfield service producers that consumed the products for their own use, rather than reselling them at retail. Upon audit, the Department of Revenue assessed additional sales tax, determining the sales did not qualify as wholesale.
Source PwC
