SEC. 27-21-5. Schedule of tax.
The rate by which the amount of the tax hereby levied shall be one-fourth of one per centum of the total amount of indebtedness secured by tangible property located in the State of Mississippi.
SOURCES: Codes, 1942, Sec. 9342; Laws, 1940, ch. 110; 1950, ch. 541, Sec. 2; 1994, ch. 497, Sec. 2, eff from and after May 31, 1994