The casinos have lots of friends in Mississippi and most of them are your reps in the state legislature. They will now get more tax cuts for building anything not casino related. Now we will see just how much more they give the Coast with the ability to keep more of the cash.
The bill was part of a deal between the House and Senate. The Senate, which has a large anti-casino faction, agreed to the incentives package. The House, where there is more support of casino gambling, agreed to pass the Senate's moratorium on casino counties.
House Bill 1196, offered by Rep. Diane Peranich, D-Pass Christian, provides tax breaks to casinos that invest more than $10 million on non-gambling developments. It covers theme parks, water parks, cultural or historical centers, motor speedways or other large, non-gambling tourist attractions. The bill would also provide incentives for hotel investments of more than $40 million, as well as golf courses with investments of more than $10 million.
Sen. Billy Hewes, R-Gulfport, Sen. Tommy Gollott, R-Biloxi, and Sen. David Baria, D-Bay St. Louis, championed the bill in the Senate Wednesday. They sparred with Sen. Gary Jackson, R-Kilmichael, who is a Baptist pastor, as well as Sen. Hob Bryan, D-Amory, and Sen. Alan Nunnelee, R-Tupelo.
Hewes said the incentives plan would allow a casino group to take advantage of incentives already offered to other businesses through past legislation that excluded casinos. The 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. Coast senators said the incentives would likely cause much investment on attractions in the state from casino groups.
We will see just what they will do with the tax money they do not have to pay and that the state needs to cover the cost of "real" programs that benefit ALL Mississippians.
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