MS SB3167

Provides production companies a tax credit of up to 25% of qualified expenditures for state-certified television productions with at least $4,000,000 in spending and 65% of running time filmed in Mississippi.

Tax credit structure includes 20% for non-resident employee payroll/fringes, 30% for resident employee payroll/fringes, and 25% for other qualified expenditures, each capped at $3,000,000.

Allows excess credits to carry forward for 10 years if they exceed annual income tax liability, or production companies may elect to claim a 75% rebate instead of the tax credit.

Prohibits use of the same qualified expenditures for both this television production credit and existing motion picture production incentives.

Caps total credits and rebates authorized statewide at $42,000,000 per fiscal year and takes effect January 1, 2025.