MS SB2833

Adds "historical resort development" as a new category of tourism project eligible for the Tourism Project Sales Tax Incentive Program under Mississippi Code Section 57-26-1.

Defines "historical resort development" as the reestablishment of a former town that lost its municipal charter prior to 1945, requiring a minimum private investment of $50,000,000.

Specifies that a historical resort development must include a chapel, historical museum, boutique hotel with minimum 75 rooms at $150,000 per room, minimum 25 guest cottages, restaurants, specialty retail, and entertainment amenities as determined by the Mississippi Development Authority.

Adds definition of "retail activity" as businesses whose inventory consists primarily of upscale name brands or equivalent, as determined by the MDA.

Takes effect July 1, 2011.