MS SB2859

Creates a rebate program for production companies that produce nationally distributed television series with at least two episodes made in Mississippi, available for traditional broadcast, streaming, or DVD distribution.

Requires minimum base investment of $50,000 in Mississippi to qualify for a 25% rebate on base investment, with additional rebates of 20% for non-resident employees and 35% for resident employees whose wages are subject to Mississippi income tax withholding.

Provides an additional 5% rebate for payroll and fringes paid to honorably discharged veterans of the United States Armed Forces.

Caps total rebates per series project at $10,000,000 and total rebates per fiscal year at $20,000,000, with individual employee payroll caps of $3,000,000.

Amends Section 57-89-7 of the Mississippi Motion Picture Incentive Act to clarify that investments claimed for television series rebates cannot be used for motion picture production rebates and vice versa.