International Gaming and Wagering Business
  Home
  Subscribe
  Subscription Customer Service
  Online
  IGWB News
  Perspectives
  Talking Points
  Spotlight
  Webinars
  Current Issue
  Cover Story
  Around the World
  Focus On
  Games & Technology
  Editorial
  Vendor Profile
  New Products
  Columns
  Marketing Solutions
  Wall Street Beat
  Ad Index
  The Back Page
  Resources
  Archives
  Digital Edition Archives
  Associations
  Market Research
  Media Kit
  Buyers Guide
  Events
  Calendar of Events
  Conferences
  IGWB Info
  About Us
  Contact Us
  Advertise
  Reprints
  List Rentals
Search in: EditorialProductsCompanies
‘TOURISM’ BILL MOVES FORWARD IN MISSISSIPPI

March 9, 2009

ARTICLE TOOLS
EmailEmailPrintPrintReprintsReprintsshareShare



A bill that gives casino companies in Mississippi tax incentives to build non-casino attractions has passed the state Legislature. Passed in the state House and Senate, the bill that will facilitate the building of tourist attractions such as golf courses, amusement parks, hotels and convention facilities now awaits the approval from Gov. Haley Barbour.  

As reported in the SunHerald of Mississippi,  the tax incentive can’t be used to build casinos but gives a 30 percent sales tax rebate for tourism projects, including upscale retail and hotel projects.  

Casino companies were previously the only businesses excluded from the program. Once the bill is signed, they will be eligible for the tax incentive for investment of at least $10 million for indoor or outdoor entertainment centers, museums, golf courses, spas, professional sports facilities, marinas, motor speedways and other qualifying attractions. The minimum investment for a hotel project is $40 million.  

 


|PrintEmail

Did you enjoy this article? Click here to subscribe to the magazine.




FREE eNewsletter
Click the image above to sign up for
our FREE eNewsletter

BNP Media
© 2010 BNP Media. All rights reserved. | Privacy Policy