Income tax; authorize credit for investments in qualified clean-burning motor vehicle fuel property.

HB 119 provides Mississippi taxpayers with income tax credits for installing qualified clean-burning motor vehicle fuel infrastructure. It offers a 50% credit (capped at $2,500) for residential natural gas fueling systems or vehicle modifications to use alternative fuels, and a 75% credit for public fueling stations. Unused credits can be carried forward for up to five years to offset future tax liability. The bill directly affects residents installing home fueling systems, businesses operating public refueling stations, and vehicle owners retrofitting vehicles to use natural gas or propane.