MS HB1161

Extends the deadline for Department of Revenue approval of rebates for non-resident employee payroll from July 1, 2012, to July 1, 2014.

Lowers the minimum expenditure threshold for motion picture production companies to qualify for rebates from an unspecified amount to $50,000 in base investment or payroll.

Increases rebate percentages: 25% for base investment, 25% for non-resident employee payroll, and 30% for resident employee payroll (with a $1 million per-employee cap on payroll rebates).

Expands the definition of "motion picture" to include streaming video and Internet delivery, and broadens "motion picture production company" to include animation, interactive media, 3D applications, visual effects, and motion capture productions.

Repeals the sales tax exemption for motion picture production supplies and adds a new exemption for supplies and equipment used by 501(c)(3) organizations hosting professional golf tournaments in Mississippi.