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MS HB327
Bill
Status
Engrossed
2/25/2026
Primary Sponsor
John Lamar
Click for details
AI Summary
- Creates an income tax credit for television production companies that spend at least $4 million on qualified expenditures in Mississippi, with at least 65% of running time from activities in the state
- Tax credit equals 25% of qualified expenditures, plus 20% of payroll/fringes for non-resident employees and 30% for Mississippi resident employees (capped at $3 million per employee)
- Additional 5% credit available if at least 50% of employees in director, producer, or cinematographer roles are Mississippi residents
- Excess credits may be carried forward for 10 years, or companies may elect a cash rebate equal to 75% of the credit amount instead
- Total credits and rebates capped at $42 million per fiscal year, effective January 1, 2026
Legislative Description
Income tax; authorize tax credit for companies engaged in television productions.
Last Action
Referred To Finance
3/4/2026
Committee Referrals
Finance3/4/2026
Ways and Means1/8/2026
Full Bill Text
No bill text available