l9n/ Mississippi

2021 Regular Session

Senate Bill 2977

Fueling Station Tax Credit Act; create.

Did not become law. It stopped in the Senate's Finance Committee on February 24, 2021. The 2021 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AUTHORIZE A TAX CREDIT FOR TAXPAYERS WHO PLACE A QUALIFIED ALTERNATIVE-FUEL FUELING STATION IN SERVICE DURING CALENDAR YEAR 2021 OR 2022; 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 2021 OR 2022; 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.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

1 co-sponsor

Dean Kirby

Its course

February 23 to February 24, 2021, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action2 actions on 2 days

In the SenateFeb 23 to Feb 24 · stopped1 day

FinanceFeb 23 to Feb 24 · stopped1 day

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the Senate Feb 23 – Feb 24

  1. Feb 23Referred to the Senate committees on Finance and on Accountability, Efficiency, Transparency
  2. Feb 24Died in committee in the Senate
All 2 actions, as published
  1. Feb 23Referred To Finance;Accountability, Efficiency, TransparencySenate
  2. Feb 24Died In CommitteeSenate