MS SB2374

Adds "fringes" (employee benefits not subject to state income tax) to the definition of qualifying costs under the Mississippi Motion Picture Incentive Act, effective September 1, 2013, including unemployment insurance, FICA, workers' compensation, pension, welfare, and health insurance.

Expands rebate eligibility to include fringes alongside payroll in calculating the 25% base investment rebate and the 25-30% payroll rebates for non-resident and resident employees respectively.

Maintains existing rebate caps: $10 million per motion picture project and $20 million per fiscal year aggregate limit.

Requires motion picture production companies to expend at least $50,000 in base investment, payroll, and/or fringes to qualify for rebates.

Effective date January 1, 2014, with fringes counted retroactively from September 1, 2013.