Mississippi Senate Bill 2990 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on June 3 2020 - 100% progression
Action: 2020-06-03 - Died On Calendar
Text: Latest bill text (Comm Sub) [HTML]

An Act To Authorize A Tax Credit For Taxpayers Who Place A Qualified Alternative-fuel Fueling Station In Service During Calendar Year 2020 Or 2021; To Define Terms; To Allow The Credit To Be Applied Against Income Taxes, Premium And Related Retaliatory Taxes, Or Franchise Taxes; To Provide That The Credit Shall Be Equal To 75% Of The Cost Of Any Qualified Alternative-fuel Fueling Station Placed In Service During Calendar Year 2020 Or 2021; To Provide That Taxpayers Shall Submit Applications For The Credit To The Department Of Revenue; To Impose An Aggregate Cap For The Credits Of $12.5 Million Annually, For A Cumulative Cap Of $25 Million Over The Two-year Period In Which Applications For The Credit May Be Made; To Provide That The Credits Shall Be Nonrefundable And Nontransferable; To Allow Unused Credits To Be Carried Forward For Up To Five Years; To Require Any Taxpayer Claiming This Credit To Submit An Annual Report To The Department Of Environmental Quality; To Allow The Department Of Revenue To Adopt And Promulgate Rules And Regulations To Implement The Credit; And For Related Purposes.

Fueling Station Tax Credit Act; create.

Sen. Josh Harkins [R]

Sen. Dean Kirby [R]

Date	Chamber	Action
2020-06-03	Senate	Died On Calendar
2020-06-02	Senate	Title Suff Do Pass Comm Sub
2020-05-12	Senate	Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2020/pdf/history/SB/SB2990.xml
Text	https://billstatus.ls.state.ms.us/documents/2020/html/SB/2900-2999/SB2990IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2020/html/SB/2900-2999/SB2990CS.htm