MS HB697

Exempts electric vehicles and hybrid vehicles owned by disabled veterans and spouses of deceased disabled veterans from the annual electric and hybrid vehicle tax if the vehicles are exempt from ad valorem taxation under Mississippi Code Sections 27-19-53 and 27-51-41(2)(j).

Imposes an annual $150 tax on electric vehicles and a $75 tax on hybrid vehicles, payable to the county tax collector at the same time as the annual highway privilege tax.

Requires annual tax adjustments beginning July 1, 2021, based on the Consumer Price Index inflation rate for urban consumers, with amounts of 50 cents or more rounded up to the next dollar.

Directs tax collector to remit proceeds to the Department of Revenue, which shall apportion funds among road, street, and bridge repair and maintenance in the same proportion as gasoline and diesel fuel taxes.

Takes effect October 1, 2019.