Legal Opinion
Fishbelt Feeds, Inc. v. Mississippi Department of Revenue
Mississippi Supreme Court
Decided August 7, 2014No. 2013-SA-00299-SCTPublishedCited by 4 opinions
1Opinion of the Court
WALLER, Chief Justice, for the Court:
¶ 1. In this case of first impression, this Court must determine whether money a corporation receives as prepayment for future services is subject to franchise taxation during the year in which it is received. The Mississippi Department of Revenue (“MDOR”) assessed additional franchise tax against Fishbelt Feeds, Inc. (“Fish-belt”) for its failure to include a “deferred revenue” account, which represented money it had received through prepaid contracts, in its franchise tax base. Fishbelt appealed MDOR’s order to the Sunflower County Chancery Court, and…
2Cases cited18 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Davis v. HossMississippi Supreme Court · 2004
- Gill v. Dept. of Wildlife ConservationMississippi Supreme Court · 1990
- Mississippi Methodist Hospital & Rehabilitation Center, Inc. v. Mississippi Division of MedicaidMississippi Supreme Court · 2009
- Hurdle v. HollowayMississippi Supreme Court · 2003
13 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Vincent J. Castigliola, Jr. v. Mississippi Department of RevenueMississippi Supreme Court · 2015
- Southside, Inc. v. Mississippi Department of Revenue Ex Rel. MorganMississippi Supreme Court · 2014
- HWCC-Tunica, Inc./HWCC-Tunica, LLC and BSL, Inc./BSLO, LLC v. Mississippi Department of Revenue and Mississippi Gaming CommissionMississippi Supreme Court · 2020
- Mississippi Department of Revenue v. Tennessee Gas Pipeline Company, LLCMississippi Supreme Court · 2025