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MS SB2695
Bill
Status
4/19/2023
Primary Sponsor
Lydia Chassaniol
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AI Summary
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Extends the deadline for the Mississippi Development Authority (MDA) to issue certificates approving participants in the Tourism Project Incentive Program from July 1, 2023 to July 1, 2027 for non-cultural retail attraction tourism projects
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Maintains the existing July 1, 2014 deadline for cultural retail attraction tourism projects and prohibits alteration or extension of certificates issued for such projects after July 1, 2020
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Preserves existing application requirements including a $5,000 application fee, project plans, financing details, and an independent study on anticipated out-of-state visitor traffic
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Requires the MDA to conduct a cost-benefit analysis of each approved tourism project through a state institution of higher learning or other MDA-approved entity
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Takes effect July 1, 2023
Legislative Description
Tourism Project Incentive Program; extend deadline for MDA issuance of certificates approving participants.
Last Action
Approved by Governor
4/19/2023