MS SB3126

Provides income tax credit equal to 50% of incremental gaming taxes paid by casino operators who invest at least $7 million in nongaming capital projects (hotels, RV parks, entertainment venues, restaurants, marinas) at existing Mississippi casino properties.

Defines incremental gaming taxes as the annual difference between gaming taxes paid during the first 10 years after project opening and the three-year average of gaming taxes paid before the project opened.

Limits annual credit usage to the entity's total income tax liability in that year, with total credit per project capped at the project's cost; unused credits may be carried forward for five consecutive years.

Requires gaming licensees to have operated in Mississippi for at least five years and to obtain a certificate of eligibility from the Mississippi Gaming Commission before claiming the credit.

Sunsets the program effective December 31, 2029, after which the Gaming Commission may not issue new certificates of eligibility.