MS HB119

Creates a one-time state income tax credit for installing alternative fueling infrastructure, including equipment for compressed natural gas, liquefied natural gas, liquefied petroleum gas, and propane gas vehicle conversions

Provides a 50% tax credit for vehicle conversion equipment and factory-installed alternative fuel systems, with an alternative credit of up to $2,500 or 10% of vehicle cost for manufacturer-installed systems

Offers a 75% per-location tax credit for commercial alternative fuel delivery property, including public electric vehicle recharging stations that charge fees

Allows a credit for residential compressed natural gas fueling systems at the lesser of 50% of cost or $2,500 per location

Unused tax credits may be carried forward for up to five years; married couples filing separately may each claim half the credit

Takes effect January 1, 2026