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MS HB1441

Bill

Status

Failed

3/16/2021

Primary Sponsor

John Lamar

Click for details

Origin

House of Representatives

2021 Regular Session

AI Summary

  • Provides a tax credit of up to 75% of costs for installing new public electric vehicle charging stations placed in service during 2021, 2022, or 2023, applicable against income tax and insurance premium tax

  • Caps total credits at $5 million in 2021, $10 million in 2022, and $15 million in 2023, with unused credits carried forward for five consecutive years

  • Requires charging stations to be metered-for-fee, public access, new, and capable of universal charging for all electric vehicles to qualify for the credit

  • Imposes a $2.50 fee on each vehicle charged at public electric vehicle charging stations, with the fee adjusted annually for inflation beginning July 1, 2022

  • Mandates annual reporting to the Department of Environmental Quality for five years, including data on charging events, vehicles charged, and kilowatt-hours dispensed

Legislative Description

Income tax and insurance premium tax; authorize credit for costs of qualified alternative-fuel fueling stations.

Last Action

Died In Committee

3/16/2021

Committee Referrals

Finance3/9/2021
Ways and Means2/22/2021

Full Bill Text

No bill text available