MS SB2748

Expands definition of "base investment" to include per diem and housing allowances paid by production companies or their employees in Mississippi for state-certified productions.

Increases rebate rates for payroll and fringes: raises non-resident employee rebate from 25% to 20%, resident employee rebate from 30% to 35%, and adds 5% rebate for honorably discharged veterans.

Lowers the payroll and fringes cap from $5,000,000 to $3,000,000 per employee for rebate eligibility purposes.

Allows rebates to be assigned to third-party Mississippi entities and establishes specific timelines for Department of Revenue to issue rebates (90 business days standard, with faster processing for third-party audits).

Extends the deadline for Department of Revenue to approve rebate applications under the incentive program from July 1, 2017 to July 1, 2021.