MS HB1623

Brings forward existing Mississippi Code sections 57-26-1, 57-26-3, 57-26-5, and 57-26-7 relating to the Tourism Project Sales Tax Incentive Program administered by the Mississippi Development Authority for possible amendment.

Establishes a special "Tourism Project Sales Tax Incentive Fund" that receives deposited sales tax revenue and makes incentive payments to approved participants equal to 80% of sales tax collected from their tourism project operations.

Limits incentive payments to approved participants to no more than 30% of their approved project costs, with payments continuing for the earlier of 15 years after project opening or until the 30% payment cap is reached.

Defines eligible tourism projects including theme parks, hotels with minimum investments ranging from $15-40 million depending on location, golf courses, entertainment districts, and cultural retail attractions with specific minimum investment requirements.

Prohibits new certificates for cultural retail attraction projects after July 1, 2014, and for all other tourism projects after July 1, 2027; additionally bars MDA approval of resort development projects after June 30, 2014.