MS SB2965

Defines "diesel gallon" as 6.06 pounds of liquefied natural gas for tax purposes under Mississippi Code Section 27-59-3.

Establishes a tax of 18 cents per diesel gallon (until a specified date) and 14.4 cents per diesel gallon thereafter on distributors selling liquefied natural gas for motor vehicle use under Section 27-59-11.

Imposes the same tax rates (18 cents then 14.4 cents per diesel gallon) on motor vehicles using liquefied natural gas with gross license weight over 10,000 pounds under Section 27-59-11(4).

Exempts motor vehicles that use liquefied natural gas exclusively from the requirement to obtain a compressed gas user's decal from the Department of Revenue under Section 27-59-29.

Effective date is July 1, 2014.