MS SB2806

Reduces minimum per-guest-room investment requirement for full-service hotel projects from $200,000 to $165,000 per room to qualify for Tourism Project Sales Tax Incentive Program.

Maintains minimum overall project investment of $15 Million for full-service hotels and requires minimum of 25 guest rooms or suites with guest amenities like restaurants and spas.

Extends deadline for issuing Certificates of Participation in the Tourism Project Sales Tax Incentive Program from July 1, 2016 to July 1, 2019 for non-cultural retail tourism projects.

Applies to full-service hotels only, with changes effective July 1, 2016.