HB 1365

AN ACT TO AMEND SECTION 57-89-7, MISSISSIPPI CODE OF 1972, TO REVISE THE MISSISSIPPI MOTION PICTURE INCENTIVE ACT BY INCREASING THE REBATE PERCENTAGES ON THE BASE INVESTMENT MADE BY A MOTION PICTURE PRODUCTION COMPANY FROM 25% TO 40%; TO PROVIDE AN ADDITIONAL 10% REBATE FOR PRODUCTIONS WHICH FEATURE MISSISSIPPI'S CULTURAL, HISTORICAL AND NATURAL LANDMARKS, AND IDENTIFYING WHICH SUCH FEATURES SHALL BE GIVEN PRIORITY FOR SAID ADDITIONAL REBATE; TO DEFINE "ELIGIBLE EXPENDITURES"; TO REMOVE THE ANNUAL CAPS ON REBATES FOR INDIVIDUAL PRODUCTIONS AND AGGREGATE YEARLY DISBURSEMENTS; AND FOR RELATED PURPOSES.