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Biloxi Offers Tax Write Off

15 February 2006

BILOXI, Mississippi – As reported by the Biloxi Sun Herald: "Besides Biloxi's resilient casino market, gambling companies have another good reason for investing on the Coast: a big tax write off.

"After the House of Representatives completely excluded gambling companies from the Gulf Opportunity Act of 2005, a Senate provision pushed through by Sen. Trent Lott, R-Miss., and Senate Minority Leader Harry Reid, D-Nev., restored the tax benefits for casino resorts, while still excluding gambling floors.

"…Another incentive for casino companies to invest on the Coast is contained in the Katrina Emergency Tax Relief Act of 2005…"

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