MS SB2039

Excludes vehicles incapable of exceeding 35 miles per hour from the definition of "electric vehicle" under Mississippi tax code Section 27-19-21 and mandates refunds of taxes already collected on such vehicles.

Excludes vehicles incapable of exceeding 35 miles per hour from the definition of "hybrid vehicle" under Mississippi tax code Section 27-19-23 and mandates refunds of taxes already collected on such vehicles.

Maintains annual tax of $150 on electric vehicles and $75 on hybrid vehicles that exceed 35 miles per hour capability, with annual adjustments based on the Consumer Price Index beginning July 1, 2021.

Directs tax revenue from electric and hybrid vehicle taxes to the Department of Revenue for apportionment to road, street, and bridge repair and maintenance in the same proportion as gasoline and diesel fuel taxes.

Takes effect July 1, 2020.