MS HB318

Requires suppliers of gasoline to terminals, refiners, and processors in Mississippi to offer unblended gasoline suitable for blending with fuel alcohol to distributors and retailers.

Exempts terminals that only offer federal reformulated gasolines from the requirement to stock unblended gasoline.

Allows distributors and retailers who blend unblended gasoline with fuel alcohol at their location before final sale to consumers to be eligible for the federal Volumetric Ethanol Excise Tax Credit (VEETC).

Applies only to contracts for gasoline sales executed after July 1, 2010, and does not affect existing contracts made on or before that date.

Establishes a 14-member special committee composed of legislators, the State Tax Commissioner, local distributors, and gasoline suppliers to study the need for and economic impact of offering unblended gasoline in Mississippi.