Miss. Taxpayers Beg for Crumbs from Rich Man’s Table
Sunday, April 13, 2008
Some things just get under your skin, and House Bill 1196 presently being considered by Mississippi legislators does that to me. The short description given to it is, “Tourism; revise the definition of tourism projects for the ‘Tourism Project Sales Tax Incentive.’” The bottom line is that this bill will allow the gambling industry to take advantage of this – call it what it really is—tax rebate.
HB 1196 allows a corporation that invests a minimum of $10 million in a tourism project to receive a tax rebate for up to 10 years, not to exceed 30% of… Read Full Article