Mississippi Legislature
2007 Regular Session

House Bill 342

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Bill Text

History of Actions

Background

Title

Description: Income tax; provide credit for taxpayers who purchase new hybrid electric vehicles.

Bill Text: [Introduced]

History of Actions:

1 01/03 (H) Referred To Ways and Means
2 02/21 (H) Died In Committee

Background Information:

Effective dateJanuary 1, 2007
DispositionDead
DeadlineRevenue
RevenueYes
Vote type requiredThree/Fifths

House Committee:

Principal Author: Franks

Title: AN ACT TO PROVIDE AN INCOME TAX CREDIT FOR TAXPAYERS WHO PURCHASE NEW HYBRID ELECTRIC VEHICLES WITHOUT THE INTENT TO RESELL THE VEHICLE; TO LIMIT THE AMOUNT OF THE TAX CREDIT TO THE LESSER OF $2,000.00 OR THE AMOUNT OF INCOME TAX IMPOSED UPON THE TAXPAYER FOR THE TAXABLE YEAR REDUCED BY THE SUM OF ALL OTHER CREDITS ALLOWABLE TO THE TAXPAYER UNDER THE STATE INCOME TAX LAWS; TO PROVIDE THAT ANY UNUSED PORTION OF THE TAX CREDIT MAY BE CARRIED FORWARD FOR THE NEXT FIVE SUCCEEDING TAX YEARS; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 02/21/07 at 15:45.

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