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

SB 2865 creates an income tax credit for Mississippi casinos that invest at least $2 million in non-gaming projects (like hotels, restaurants, or RV parks) at existing properties. The credit equals 50% of the increased gaming taxes generated by the new facilities, calculated as the difference between post-project tax payments and the three-year average before the project started. Casinos can use the credit against annual income tax liability, but the total credit per project cannot exceed the project cost, and unused credits can carry forward for up to five years. The Mississippi Gaming Commission must approve qualifying projects, and no new credits can be claimed after December 31, 2030.