MS SB2922

Increases maximum aggregate historic rehabilitation tax credits from $60 million to $120 million, with a limit of $12 million awarded per state fiscal year.

Restricts single-family dwelling rehabilitation tax credits unless a certificate was issued before July 1, 2016, or the dwelling is listed on the National Register of Historic Places.

Extends fee-in-lieu of ad valorem tax agreements to up to 20 years total, but limits any individual parcel to no more than 10 years of such exemptions.

Extends authority to issue tourism project sales tax incentive certificates from July 1, 2016, to July 1, 2020, and reduces minimum per-room investment requirements for certain county hotel projects.

Extends deadline for motion picture incentive rebate applications from July 1, 2016, to July 1, 2017, and exempts railroad properties owned by wholly-owned subsidiaries of railroad authorities from ad valorem taxation.