KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Mississippi

SB3112 • 2026

Income tax; authorize credit for fuel tax paid by commercial and charter boaters for fuel used on water rather than roads.

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.

Taxes
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Thompson, DeLano, England, Ladner, Seymour, Carter, Wiggins
Last action
2026-02-25
Official status
Dead
Effective date
January 1,

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Income tax; authorize credit for fuel tax paid by commercial and charter boaters for fuel used on water rather than roads.

Income tax; authorize credit for fuel tax paid by commercial and charter boaters for fuel used on water rather than roads.

What This Bill Does

  • Income tax; authorize credit for fuel tax paid by commercial and charter boaters for fuel used on water rather than roads.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-02-25 Mississippi Legislative Bill Status System

    02/25 (S) Died In Committee

  2. 2026-02-17 Mississippi Legislative Bill Status System

    02/17 (S) Referred To Finance

Official Summary Text

Income tax; authorize credit for fuel tax paid by commercial and charter boaters for fuel used on water rather than roads.

Current Bill Text

Read the full stored bill text 
S. B. No. 3112 *SS26/R493* ~ OFFICIAL ~ R3/5
26/SS26/R493
PAGE 1 (icj\kr)

To: Finance
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026

By: Senator(s) Thompson, DeLano, England,
Ladner, Seymour, Carter, Wiggins

SENATE BILL NO. 3112

AN ACT TO AUTHORIZE AN INCOME TAX CREDIT FOR TAXES PAID UNDER 1
SECTIONS 27-55-519 AND 27-55-521 BY A CHARTER BOAT OPERATOR OR A 2
COMMERCIAL FISHERMAN ON THE PURCHASE OF FUEL USED ON BODIES OF 3
WATER, RATHER THAN ON ROADS OR HIGHWAYS; TO PROVIDE THAT ANY 4
UNUSED PORTION OF THE CREDIT MAY BE CARRIED FORWARD FOR THE FIVE 5
SUCCEEDING TAX YEARS; TO PROVIDE THAT THE AMOUNT OF THE CREDIT 6
THAT MAY BE UTILIZED IN ANY TAX YEAR SHALL NOT EXCEED THE TOTAL 7
STATE INCOME TAX LIABILITY OF THE TAXPAYER FOR THAT YEAR; TO 8
PRESCRIBE THE CONTENT REQUIRED IN THE APPLICATION FOR THE CREDIT; 9
TO AUTHORIZE THE DEPARTMENT OF REVENUE TO PROMULGATE REGULATIONS 10
AS NEEDED TO ADMINISTER THIS ACT; AND FOR RELATED PURPOSES. 11
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 12
SECTION 1. (1) As used in this section: 13
(a) "Charter boat operator" means an individual who 14
operates a vessel for hire, guiding sports fishermen for a fee and 15
is duly licensed to engage in such activity in the State of 16
Mississippi. 17
(b) "Commercial fisherman" means a fisherman who sells, 18
barters or exchanges any or all of his catch or who is paid for 19
attempting to catch marine species, and is duly licensed to engage 20
in commercial fishing. 21
S. B. No. 3112 *SS26/R493* ~ OFFICIAL ~
26/SS26/R493
PAGE 2 (icj\kr)
ST: Income tax; authorize credit for fuel tax
paid by commercial and charter boaters for fuel
used on water rather than roads.
(2) For any taxpayer that is a charter boat operator or a 22
commercial fisherman, there shall be allowed as a credit against 23
the taxes imposed by Section 27-7-5, an amount equal to taxes paid 24
under Sections 27-55-519 and 27-55-521 on the purchase of fuel 25
used on bodies of water, rather than on roads or highways. 26
(3) Any credit claimed under this section but not used in 27
any tax year may be carried forward for five (5) consecutive years 28
from the close of the tax year in which the credit was earned. 29
The credit that may be utilized in any tax year shall be limited 30
to an amount not greater than the total state income tax liability 31
of the taxpayer for that year. 32
(4) A taxpayer shall apply for credits with the department 33
on forms prescribed by the department. In the application, the 34
taxpayer shall certify the dollar amount of the fuel taxes paid 35
during the calendar year for which the credit is claimed, shall 36
provide a copy of a current charter boat operator or commercial 37
fishing license, and shall furnish such other information or 38
documentation as required by the department. The department may 39
promulgate regulations as needed to administer this section. 40
SECTION 2. Section 1 of this act shall be codified in 41
Article 1, Chapter 7, Title 27, Mississippi Code of 1972. 42
SECTION 3. This act shall take effect and be in force from 43
and after January 1, 2026. 44