BILOXI — Harrison County supervisors have approved a tax break for Hard Rock Casino Biloxi’s hotel expansion.
The Sun Herald reports supervisors unanimously agreed to a seven-year county ad valorem tax exemption for improvements related to Hard Rock Casino’s planned expansion, which involves a new 12-story hotel tower worth $32 million.
The exemption doesn’t apply to school taxes and once the exemption ends, the expansion could generate $131,000 in new annual county ad valorem collections.
Last month, the city of Biloxi also gave the project a similar seven-year exemption from municipal ad valorem taxes.
Casino officials estimate the project could result in as much as $150,000 in new casino annual taxes for Harrison County, and as much as $125,000 yearly in new hotel occupancy tax collections.