Supervisors vote to give tax break for Hard Rock expansion
Published: August 7,2012
Tags: casino, city, construction, convention, county, gambling, gaming, hospitality, hotel, incentive, lodging, meeting, municipal government, municipality, tax, tax break, tourism, tourist, vacation, visitor
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.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Peavey's wellness program honored after workers drop 1,000 pounds
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- Judge gets more time to fight efforts to remove him from office
- Voters to decide whether hunting, fishing is constitutional right
- State renews battle over water use with city of Memphis
- Coast cleanup nets 1,600 bags of trash — and a watermelon patch
- State's bad bridges continue to raise concerns among officials