MS SB2854

Increases minimum private investment thresholds for tourism projects: standard hotels from $40 million to $50 million, full-service hotels from $15 million to $20 million, and resort developments from $100 million to $200 million

Raises per-guest-room investment requirements: standard hotels from $150,000 to $200,000, full-service hotels from $200,000 to $250,000 (with reduced threshold of $200,000 for hotels near designated cultural venues)

Reduces the percentage of resort development private investment that may be spent on retail facilities from 40% to 30%

Extends the timeframe for Mississippi Development Authority incentive payments from 15 years to 20 years after a tourism project opens for commercial operation

Extends the application deadline for resort development projects from June 30, 2014, to June 30, 2027, reauthorizing the program