MS HB1549

Authorizes motor vehicle manufacturers operating qualifying projects to issue special distinguishing license tags for vehicles leased to employees under an employee incentive program, contingent upon obtaining an annual $1,000 permit from the Department of Revenue.

Requires manufacturers to pay $100 per tag issued in lieu of ad valorem taxes, plus a $3.75 tag fee, with revenue deposited into a special state fund for distribution to local taxing districts.

Distributes collected fees to county tax collectors monthly, who allocate funds to local taxing districts based on their proportion of motor vehicle ad valorem tax revenue received in the prior month.

Amends Section 27-51-41 to exempt motor vehicles leased by manufacturers to employees under employee incentive programs from ad valorem taxation.

Takes effect July 1, 2018.