MS HB1732

Authorizes an income tax and insurance premium tax credit for taxpayers who place a qualified alternative-fuel fueling station (electric vehicle charging station) into service during calendar year 2020 or 2021.

Credit amount is limited to the lesser of 75% of the station's costs or the taxpayer's total tax liability for the year, with unused portions carried forward for five consecutive years.

Defines "qualified alternative-fuel fueling station" as a metered-for-fee, public access electric vehicle recharging system that is new and has never been previously installed or used.

Requires taxpayers to apply to the Department of Revenue and submit annual reports to the Department of Environmental Quality for five years, including charging event data and kilowatt-hour information.

Caps total credits approved statewide at $25,000,000, with applications processed on a first-come, first-served basis; effective January 1, 2020.