Senate Bill 2204

AN ACT TO PROVIDE THAT IF A TAXPAYER SELLS, TRADES OR OTHERWISE DISPOSES OF AN ELECTRIC OR HYBRID VEHICLE, CREDIT SHALL BE ALLOWED FOR CERTAIN TAXES PAID FOR THE REMAINING TAX YEAR ON LIKE TAXES DUE ON ANOTHER HYBRID OR ELECTRIC VEHICLE OWNED BY THE SELLER OR TRANSFEROR OR BY THE SELLER'S OR TRANSFEROR'S SPOUSE OR DEPENDENT CHILD; AND FOR RELATED PURPOSES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

SECTION 1. If a taxpayer sells, trades or otherwise disposes of a hybrid or electric vehicle upon which the tax imposed in Section 27-19-21 or Section 27-19-23 has been paid and complies with the provisions of Section 27-51-41(5), credit shall be allowed for the taxes paid under Section 27-19-21 or Section 27-19-23 for the remaining tax year on like taxes due on another hybrid or electric vehicle owned by the seller or transferor or by the seller's or transferor's spouse or dependent child.

SECTION 2. This act shall take effect and be in force from and after July 1, 2019.