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MS HB711
Bill
Status
2/28/2017
Primary Sponsor
Jeffrey Smith
Click for details
AI Summary
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Extends the deadline for the Department of Revenue to approve rebate applications under the Mississippi Motion Picture Incentive Act from July 1, 2017 to July 1, 2020.
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Motion picture production companies expending at least $50,000 in base investment, payroll, and/or fringes are eligible for a 25% rebate on base investment.
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Additional rebates available: 25% for non-resident employee payroll, 30% for resident employee payroll, and 5% for honorably discharged veteran employees, with a $5,000,000 cap per employee.
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Total rebates capped at $10,000,000 per motion picture project and $20,000,000 per fiscal year.
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Effective July 1, 2017.
Legislative Description
Mississippi Motion Picture Incentive Act; extend authority of Department of Revenue to approve applications for certain rebates under.
Last Action
Died In Committee
2/28/2017