Mississippi 2020 Regular Session Status: In Committee 2 R cosponsors

SB 2990 — Fueling Station Tax Credit Act; create.

Last action — Died On Calendar

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

39 added · 36 removed

Plain-language change summary

The latest version of SB 2990 has been updated to extend eligibility for a tax credit for establishing qualified alternative-fuel fueling stations through 2022, rather than just 2021. Additionally, the percentage of the credit has been reduced from 75% to 50% of the installation costs. The overall cap on credits has also been lowered from $25 million to $9 million over the three-year period. These changes aim to manage the state's budget more effectively while still encouraging investment in alternative fuel infrastructure.

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SB2990 (As Introduced) - 2020 Regular Session MISSISSIPPI LEGISLATURE Regular Session To:
SB2990 (COMMITTEE SUBSTITUTE) - 2020 Regular Session MISSISSIPPI LEGISLATURE Regular Session To:
Senator(s) Harkins, Kirby Senate Bill 2990 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;
Senator(s) Harkins, Kirby Senate Bill 2990 (COMMITTEE SUBSTITUTE) AN ACT TO AUTHORIZE A TAX CREDIT FOR TAXPAYERS WHO PLACE A QUALIFIED ALTERNATIVE-FUEL FUELING STATION IN SERVICE DURING CALENDAR YEAR 2020, 2021 OR 2022;
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 THE CREDIT SHALL BE EQUAL TO 50% OF THE COST OF ANY QUALIFIED ALTERNATIVE-FUEL FUELING STATION PLACED IN SERVICE DURING CALENDAR YEAR 2020, OR 2022;
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 IMPOSE AN AGGREGATE CAP FOR THE CREDITS OF $3 MILLION ANNUALLY, FOR A CUMULATIVE CAP OF $9 MILLION OVER THE THREE-YEAR PERIOD IN WHICH APPLICATIONS FOR THE CREDIT MAY BE MADE;
     SECTION 3.  (1)  Any taxpayer who places a qualified alternative-fuel fueling station in service during calendar year 2020 or 2021 shall be eligible to receive a credit against (a) the income tax imposed by Chapter 7 of Title 27, Mississippi Code of 1972, (b) any premium and related retaliatory taxes imposed by Chapter 15 of Title 27, Mississippi Code of 1972, or (c) the franchise tax imposed by Chapter of Title 27, Mississippi Code of 1972.
     SECTION 3.  (1)  Any taxpayer who places a qualified alternative-fuel fueling station in service during calendar year 2020, 2021 or 2022 shall be eligible to receive a credit against (a) the income tax imposed by Chapter 7 of Title 27, Mississippi Code of 1972, (b) any premium and related retaliatory taxes imposed by Chapter of Title 27, Mississippi Code of 1972, or (c) the franchise tax imposed by Chapter 13 of Title 27, Mississippi Code of 1972.
     (2)  The credit shall be equal to seventy-five percent (75%) of the cost of any qualified alternative-fuel fueling station that is placed in service during calendar year 2020 or 2021.
     (2)  The credit shall be equal to fifty percent (50%) of the cost of any qualified alternative-fuel fueling station that is placed in service during calendar year 2020, 2021 or 2022.
          (b)  The number of qualified alternative-fuel fueling stations that will be placed in service during calendar year 2020 or 2021;
          (b)  The number of qualified alternative-fuel fueling stations that will be placed in service during calendar year 2020, 2021 or 2022;
     (5)  The department shall consider applications in the order in which they are received and may approve applications until the total amount of credits approved under this act equals Twelve Million Five Hundred Thousand Dollars ($12,500,000.00) for each of the two (2) years in which application for the credit may be made, for a cumulative cap of Twenty-five Million Dollars ($25,000,000.00) over the two-year period.
     (5)  The department shall consider applications in the order in which they are received and may approve applications until the total amount of credits approved under this act equals Three Million Dollars ($3,000,000.00) for each of the three (3) years in which application for the credit may be made, for a cumulative cap of Nine Million Dollars ($9,000,000.00) over the three-year period.
     SECTION 6.  This act shall take effect and be in force from and after January 1, 2020.
     SECTION 6.  This act shall take effect and be in force from and after January 1, 2020, and shall stand repealed on December 31, 2019.
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Action History

  1. Died On Calendar

  2. Title Suff Do Pass Comm Sub

  3. Referred To Finance

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 173 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (173)

173 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation energy
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Frequently asked questions

Who sponsors SB 2990?
SB 2990 is sponsored by Josh Harkins (Republican) and Dean Kirby (Republican).
What is the current status of SB 2990?
This bill died with 2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 2990?
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