MS HB344

Reduces gasoline excise tax from 18 cents to 15 cents per gallon until a specified date in Section 65-39-35, then to 12 cents per gallon thereafter.

Adds a variable 6% tax on average wholesale price of gasoline (recalculated twice yearly on January 1 and July 1) in addition to the fixed per-gallon rate.

Reduces undyed diesel fuel excise tax from 18 cents to 15 cents per gallon until the specified date, then to 12.3 cents per gallon thereafter, plus adds the same variable 6% wholesale price tax.

Brings forward existing exemptions and refund provisions for government entities, volunteer fire departments, and non-highway uses without substantive changes.

Effective July 1, 2018.