MS SB2476

Excludes motor vehicles incapable of exceeding 35 miles per hour from the definition of "electric vehicle" under Mississippi Code Section 27-19-21, and requires refund of any taxes previously collected on such vehicles.

Excludes motor vehicles incapable of exceeding 35 miles per hour from the definition of "hybrid vehicle" under Mississippi Code Section 27-19-23, and requires refund of any taxes previously collected on such vehicles.

Maintains the annual electric vehicle tax at $150.00 and hybrid vehicle tax at $75.00 for vehicles capable of exceeding 35 miles per hour.

Requires tax rates to be adjusted annually beginning July 1, 2021, by the United States inflation rate as measured by the Consumer Price Index for urban consumers.

Takes effect July 1, 2021.