HB1365

Mississippi Motion Picture Incentive Act revised to increase rebates and remove caps on individual productions.

Mississippi HB1365 revises the Mississippi Motion Picture Incentive Act by increasing the rebate percentages on the base investment made by a motion picture production company from 25% to 40%. It also provides an additional 10% rebate for productions featuring Mississippi's cultural, historical, and natural landmarks, with priority given to certain iconic locations. The bill removes annual caps on rebates for individual productions and aggregate yearly disbursements. It defines "eligible expenditures" and mandates that rebates be made from current income tax collections.