Gaming News

Mississippi casino tax bill moves forward

JACKSON, Mississippi -- As reported by the Biloxi Sun Herald: "After a vote this morning, the bill that would give tax credits to casinos to build non-gambling related amenities is headed to conference so the Mississippi Senate and the House of Representatives can work out differences.

"Rep. Diane Peranich's House Bill 1196 would give tax breaks to casinos that invest more than $10 million in non-gambling developments.

"...The incentives bill would allow a casino to recoup up to 30 percent of the project's value over a 10-year period, by giving it access to a percentage of the sales tax the project creates.

"...Last year, the provision to give the incentives to casinos died in conference, as anti-gambling Senate factions stripped the benefits from casino companies..."

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