Income tax; authorize credit for added tax revenue from certain nongaming capital investment projects at casinos.

SB 3126 would allow Mississippi casinos operating for at least five years to claim a 50% income tax credit based on increased gaming taxes generated after building new non-gaming facilities (like hotels, restaurants, or entertainment venues) costing $7 million or more. The credit equals half the difference between gaming taxes paid in the year after the project opens and the three-year average of taxes paid before the project began. Casinos can use the credit up to their annual income tax liability, cannot exceed the project’s total cost, and may carry unused credit forward for five years. Approval requires a certificate from the Mississippi Gaming Commission, which will stop issuing them after December 31, 2029.