MS HB1309

Amends Section 57-89-7 of Mississippi Code to prohibit the Department of Revenue from approving new rebate applications under the Mississippi Motion Picture Incentive Act after July 1, 2017.

Motion picture production companies expending at least $50,000 in base investment, payroll, and/or fringes remain eligible for rebates: 25% of base investment, 25% for non-resident employee payroll/fringes, and 30% for resident employee payroll/fringes.

Additional 5% rebate available for payroll and fringes paid to honorably discharged veterans whose wages are subject to Mississippi Income Tax Withholding Law.

Maintains existing caps of $10 million per project and $20 million per fiscal year in total rebates authorized.

Takes effect July 1, 2017.