MS HB733

Establishes a loan guaranty program through the Mississippi Development Authority for motion picture production companies that commit to producing at least 3 films annually and spending at least $100 million in production costs in Mississippi over a 3-year certification period

Requires participating films to have budgets of at least $5 million with 50% spent in-state, and distribution contracts worth at least 15% of the total budget; guarantees cover 75% of 85% of losses, capped at $8 million per film

Authorizes issuance of up to $60 million in state general obligation bonds (maximum $20 million per fiscal year through July 1, 2018) to fund the Mississippi Motion Picture Production Guaranty Fund

Production companies must pay 10% of profits from certified motion pictures back to the state's guaranty fund

Companies using the loan guaranty program for a film are ineligible for the existing rebate incentive (25-30% of production costs/payroll) under the Mississippi Motion Picture Incentive Act for that same film