MS HB1430

Extends the Mississippi Development Authority's authority to issue certificates for approved participants in the Tourism Project Sales Tax Incentive Program until July 1, 2024 (previously set to expire July 1, 2020).

Approved participants must submit applications with a $5,000 fee and provide plans, project descriptions, financing details, and independent studies estimating out-of-state visitor numbers.

The MDA Executive Director reviews applications to determine if proposed projects qualify as tourism projects under program rules and issues certificates to qualified applicants.

Cultural retail attraction projects were already prohibited from receiving new certificates as of July 1, 2014; this extension applies only to other tourism project types.

Takes effect July 1, 2020.