MS SB3185

Creates a state income tax credit for Mississippi taxpayers who purchase new hybrid electric vehicles or fully electric vehicles for personal use (not for resale)

Tax credit amount equals the lesser of $1,500 or 2% of the vehicle's total purchase price

Credit cannot exceed the taxpayer's income tax liability for the year after subtracting all other allowable credits

Married couples filing separately may each claim up to half of the credit that would have been allowed on a joint return

Credit is available only in the tax year the vehicle was purchased, and each vehicle qualifies for the credit only once; effective January 1, 2010