Mississippi 2026 Regular Session

Mississippi House Bill HB119

Introduced

1/7/26

Refer

1/7/26

Failed

2/25/26

Caption

Income tax; authorize credit for investments in qualified clean-burning motor vehicle fuel property.

Impact

The bill specifies that the income tax credit can be claimed for various forms of fueling infrastructure, including the modification of vehicles to use alternative fuels and the installation of residential fueling systems. The proposed tax credit percentages range from 50% to 75% depending on the type of infrastructure installed. Additionally, if the tax credit exceeds the amount of state income taxes due, it can be carried forward for up to five years, encouraging long-term investment in alternative fueling technologies.

Summary

House Bill 119 is designed to promote the installation of alternative fueling infrastructure in Mississippi by providing income tax credits for the installation costs of specific clean-burning motor vehicle fuel properties. This bill aims to incentivize residential and commercial investment in fueling systems that utilize alternative fuels like compressed natural gas, liquefied natural gas, and propane gas. The tax credits are structured to cover a percentage of the installation costs, making it more financially feasible for individuals and businesses to transition to cleaner fuel sources.

Contention

Notable points of contention surrounding HB119 may revolve around the allocation of state funds and the prioritization of tax incentives for alternative fueling infrastructure. Critics often raise concerns about the effectiveness of such incentives on actual market behavior and whether they will lead to substantial environmental benefits. Furthermore, discussions may focus on the potential impact this bill could have on existing fuel industries and related job sectors, as the transition towards alternative fuels might disrupt traditional fossil fuel markets.

Companion Bills

No companion bills found.

Previously Filed As

MS HB214

Income tax; authorize credit for investments in qualified clean-burning motor vehicle fuel property.

MS HB190

Alternative-fuel fueling station; impose tax on motor vehicles charged at.

MS SB2809

Municipal ad valorem taxes; exempt real property and motor vehicles in an annexed area for 12 months after annexation.

MS SB3095

Tax; cut income and grocery taxes, increase fuel excise tax, and adjust distribution of certain fuel and sales taxes.

MS SB2829

Qualified equity investment tax credits; renew and extend MDA's authority to allocate.

MS HB1594

Motor vehicle ad valorem tax credit; bring forward sections of law relating to.

MS HB1243

Qualified equity investment tax credits; extend authority of Mississippi Development Authority to allocate.

MS HB1242

Qualified equity investment tax credits; extend authority of Mississippi Development Authority to allocate.

MS HB1272

Income tax and corporation franchise tax; authorize a credit for financial institutions making certain loans or investments.

MS SB3126

Income tax; authorize credit for added tax revenue from certain nongaming capital investment projects at casinos.