MS SB2717

Establishes a one-time income tax credit for installing equipment to convert gasoline or diesel vehicles to run on compressed natural gas, liquefied natural gas, liquefied petroleum gas, or propane, covering 50% of conversion costs

Provides a 75% per-location tax credit for commercial alternative fuel delivery infrastructure, including compression equipment, storage tanks, and metered public electric vehicle charging stations

Offers a tax credit for residential compressed natural gas fueling systems, capped at the lesser of 50% of costs or $2,500

Allows taxpayers purchasing factory-equipped alternative fuel vehicles to claim up to 10% of vehicle cost or $2,500, whichever is less, when the exact fuel system cost cannot be determined

Permits unused tax credits to be carried forward for up to five years if the credit exceeds income tax liability