Bill > HB327

This bill establishes a new income tax credit for companies producing television content in Mississippi, defining terms like "production company" (a business making TV shows, excluding those in default on state loans or who have declared bankruptcy discharging public debt), "qualified expenditures" (actual costs incurred in Mississippi for a state-certified production, excluding payroll), and "state-certified production" (a TV production approved by the Mississippi Development Authority). Production companies spending at least $4 million in Mississippi on qualified expenditures, payroll, and employee benefits ("fringes") for a state-certified production where at least 65% of activities occur in Mississippi can claim a 25% tax credit on their qualified expenditures. Additional credits are available for payroll and fringes paid to non-resident employees (20%) and resident employees (30%), with a cap of $3 million per employee for these additional credits. A further 5% credit is offered if at least 50% of employees are residents working as directors, producers, or cinematographers. If the credit exceeds the company's tax liability, it can be carried forward for ten years, or the company can elect to receive a rebate of 75% of the eligible credit amount. The total credits and rebates are capped at $42 million annually. The bill also amends existing laws related to motion picture production incentives to ensure that expenditures used for these new television production credits are not also used for existing motion picture rebates.

Budget and Finance

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0327.xml