MS SB2865

Creates an income tax credit for Mississippi casino operators who invest at least $2,000,000 in nongaming facilities such as hotels, RV parks, entertainment venues, restaurants, or marinas at existing casino properties

Credit equals 50% of incremental gaming taxes, calculated as the difference between gaming taxes paid in each of the 10 years following project completion and the three-year average of gaming taxes paid before the project opened

Total credit claimed for any project cannot exceed the project's cost, and annual credit use is capped at the entity's total income tax liability for that year

Unused credits may be carried forward for five consecutive years after the credit was earned

Mississippi Gaming Commission must certify project eligibility, with no new certificates issued after December 31, 2030; effective date is January 1, 2026