MS HB916

Exempts electric vehicles and hybrid vehicles owned and registered before October 1, 2018 from annual state taxes ($150 for electric vehicles, $75 for hybrid vehicles).

The exemption continues so long as the original owner maintains ownership and keeps the vehicle registered in their name.

Tax applies only to electric vehicles (powered solely by rechargeable batteries or fuel cells) and hybrid vehicles (using more than one form of onboard energy) registered after October 1, 2018.

Tax revenues are remitted to the Department of Revenue and apportioned for road, street, and bridge repair and maintenance.

Annual tax amounts adjust each July 1 beginning in 2021 based on the Consumer Price Index for urban consumers, with amounts of 50 cents or more rounded to the next whole dollar.