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MS HB728

Bill

Official Source

Status

Failed

2/5/2013

Primary Sponsor

Rita Martinson

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Increases the maximum period for Mississippi Development Authority (MDA) payments from the Tourism Project Sales Tax Incentive Fund from 10 years to 15 years after a tourism project opens for commercial operation.

  • MDA payments to approved participants remain capped at 80% of sales tax revenue collected from tourism project operations and cannot exceed 30% of approved project costs.

  • Changes notification requirement from the State Tax Commission to the Department of Revenue when incentive payments to a participant cease.

  • Takes effect July 1, 2013.

Legislative Description

Tourism Project Sales Tax Incentive Fund; increase maximum period of time that MDA may make incentive payments from.

Last Action

Died In Committee

2/5/2013

Committee Referrals

Tourism1/21/2013

Full Bill Text

No bill text available