Mississippi HB119 would authorize an income tax credit for investments in clean-burning motor vehicle fuel property.
Mississippi HB119 would provide an income tax credit for investments in clean-burning motor vehicle fuel property. The credit would apply to equipment modifying vehicles to run on compressed natural gas, liquefied natural gas, liquefied petroleum gas, or propane gas. It would also cover new public access recharging systems for electric vehicles and property related to the delivery of natural gas from a private home. The credit would be a percentage of the cost of the property, with different rates for different types of property.
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