Bill
Bill > SB3112
MS SB3112
MS SB3112Income tax; authorize credit for fuel tax paid by commercial and charter boaters for fuel used on water rather than roads.
summary
Introduced
02/17/2026
02/17/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act To Authorize An Income Tax Credit For Taxes Paid Under Sections 27-55-519 And 27-55-521 By A Charter Boat Operator Or A Commercial Fisherman On The Purchase Of Fuel Used On Bodies Of Water, Rather Than On Roads Or Highways; To Provide That Any Unused Portion Of The Credit May Be Carried Forward For The Five Succeeding Tax Years; To Provide That The Amount Of The Credit That May Be Utilized In Any Tax Year Shall Not Exceed The Total State Income Tax Liability Of The Taxpayer For That Year; To Prescribe The Content Required In The Application For The Credit; To Authorize The Department Of Revenue To Promulgate Regulations As Needed To Administer This Act; And For Related Purposes.
AI Summary
This bill authorizes an income tax credit for charter boat operators, defined as licensed individuals who operate vessels for hire to guide sports fishermen for a fee, and commercial fishermen, defined as licensed individuals who sell, barter, or exchange their catch or are paid for attempting to catch marine species, for fuel taxes paid on fuel used on bodies of water, as opposed to roads or highways. Any unused portion of this credit can be carried forward for up to five succeeding tax years, but the amount of credit used in any single tax year cannot exceed the taxpayer's total state income tax liability for that year. To claim the credit, taxpayers must apply to the Department of Revenue using prescribed forms, certifying the amount of fuel taxes paid, providing proof of their relevant license, and submitting any other required documentation, with the Department of Revenue empowered to create necessary regulations to implement this act, which will take effect on January 1, 2026.
Committee Categories
Budget and Finance
Sponsors (7)
Joel Carter (R)*,
Scott DeLano (R)*,
Jeremy England (R)*,
Philman Ladner (R)*,
Mike Seymour (R)*,
Mike Thompson (R)*,
Brice Wiggins (R)*,
Last Action
Referred To Finance (on 02/17/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://billstatus.ls.state.ms.us/2026/pdf/history/SB/SB3112.xml |
| BillText | https://billstatus.ls.state.ms.us/documents/2026/html/SB/3100-3199/SB3112IN.htm |
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