Mississippi has improved its already competitive motion picture incentive program. SB 2462, establishing higher caps, additional payroll incentives, and expanding the definition of eligible productions, was signed Friday by Mississippi Governor Phil Bryant. It is effective immediately.
The new legislation raises the per project rebate limit to $10 million per production and raises the salary cap to include the first $5 million of any individual salary. It also establishes a 5% bonus on the salary of an honorably discharged veteran of the United States Armed Forces. Computer and video games were added to the list of eligible production. The annual rebate cap of $20 million remains in place, as does the $50,000 minimum spend required for incentive program qualification.
The 2013 legislation was originally introduced by Senator John Horhn and Representative Rita Martinson. In floor votes it passed 120-0 and 116-0 in the House, and 50-0 and 50-2 in the Senate.
For more information, contact the Mississippi Film Office at 601-359-3297, or email@example.com . The Film Office website is www.filmMississippi.org.