MS HB1523

Deletes the provision prohibiting licensed gaming establishments from qualifying as "tourism projects" under the Tourism Project Sales Incentive Program administered by the Mississippi Development Authority.

Allows gaming establishments to qualify for the sales tax incentive program if the project exceeds development requirements for gaming licenses and is not part of a licensed gaming establishment where gaming activities are conducted.

Brings forward Sections 57-26-3, 57-26-5, and 57-26-7 of Mississippi Code (relating to the Tourism Project Sales Tax Incentive Program) for possible amendment.

Maintains existing program requirements including 80% of collected sales tax revenue to approved participants, with payments capped at 30% of approved project costs and lasting up to 15 years after project opening.

Effective date: July 1, 2024.