Income tax; authorize tax credit for companies engaged in television productions.

From the Legislature

An Act To Provide An Income Tax Credit For A Portion Of Certain Expenditures Made By Companies Engaged In The Production In Mississippi Of Scripted Or Unscripted Series, Content Or Pilot Episodes Intended For Broadcast Or Streaming; To Define Certain Terms; To Establish The Amount Of The Tax Credit; To Provide That, If The Amount Of The Tax Credit Claimed By A Production Company Exceeds The Amount Of Income Tax Liability Of The Production Company For A Taxable Year, The Production Company May Carry The Excess Credit Forward For Ten Years; To Provide That In Lieu Of Claiming A Tax Credit, The Production Company May Elect To Claim A Rebate In The Amount Of 75% Of The Amount It Would Be Eligible To Claim As A Credit; To Amend Sections 57-89-7 And 57-89-51, Mississippi Code Of 1972, To Conform To The Provisions Of This Act; And For Related Purposes.