MS HB783

Increases the payroll cap for motion picture production company rebates from $1,000,000 to $5,000,000 for both non-resident and resident employees under the Mississippi Motion Picture Incentive Act.

Authorizes an additional 5% rebate on payroll for honorably discharged veterans of the United States Armed Forces whose wages are subject to Mississippi income tax withholding.

Raises the maximum total rebate amount per motion picture project from $8,000,000 to $10,000,000.

Extends the application deadline for non-resident employee rebates from July 1, 2014 to July 1, 2016.

Maintains the existing 25% rebate for base investment, 25% rebate for non-resident employee payroll, and 30% rebate for resident employee payroll.