HB 704 — Television series production; provide incentives for certain.

704 (As PassedSent theto House)Governor) AN ACT TO PROVIDE FOR THE REBATE OF A PORTION OF INVESTMENT AND EXPENDITURES MADE BY COMPANIES ENGAGED IN THE PRODUCTION OF NATIONALLY DISTRIBUTED CONNECTED SETS OF TELEVISION PROGRAM EPISODES, CONSISTING OF NOT LESS THAN TWO EPISODES MADE IN MISSISSIPPI, IN WHOLE OR IN PART, FOR VIEWING THROUGH TRADITIONAL TELEVISION THAT IS BROADCAST VIA CABLE, SATELLITE OR OVER-THE-AIR AERIAL ANTENNA SYSTEMS;

704 *HR43/R1205PH**HR43/R1205SG* ~ OFFICIAL ~ G1/2 23/HR43/R1205PH23/HR43/R1205SG PAGE 1 (BS\EW) allowances in connection with the production of a state-certified production in the state.

704 *HR43/R1205PH**HR43/R1205SG* ~ OFFICIAL ~ 23/HR43/R1205PH23/HR43/R1205SG PAGE 2(BS\EW) (i) Production company that is directly involved in the physical production and/or post-production of a series in the state;

704 *HR43/R1205PH**HR43/R1205SG* ~ OFFICIAL ~ 23/HR43/R1205PH23/HR43/R1205SG PAGE 3(BS\EW) or through DVD release.

704 *HR43/R1205PH**HR43/R1205SG* ~ OFFICIAL ~ 23/HR43/R1205PH23/HR43/R1205SG PAGE 4(BS\EW) state-certified production must be submitted to the Mississippi Development Authority before production of the project begins.

704 *HR43/R1205PH**HR43/R1205SG* ~ OFFICIAL ~ 23/HR43/R1205PH23/HR43/R1205SG PAGE 5(BS\EW) rebate is authorized only for the first Three Million Dollars ($3,000,000.00) of such payroll and fringes.

704 *HR43/R1205PH**HR43/R1205SG* ~ OFFICIAL ~ 23/HR43/R1205PH23/HR43/R1205SG PAGE 6(BS\EW) (g) The total amount of rebates authorized forin aany seriesfiscal projectyear shall not exceed FiveTen Million Dollars ($5,000,000.00)($10,000,000.00) in the aggregate.

(h) The total amount of rebates authorized in any fiscal year shall not exceed Ten Million Dollars ($10,000,000.00) in the aggregate.

Subject to the provisions of this H.section, the amount of the rebate shall be equal to twenty-five percent (25%) of the base investment made by the motion picture production company.

H.

704 *HR43/R1205PH**HR43/R1205SG* ~ OFFICIAL ~ 23/HR43/R1205PH23/HR43/R1205SG PAGE 7(BS\EW) section,(b) In addition to the amountrebates authorized under paragraphs (a), (c) and (d) of thethis rebatesubsection, shalla bemotion picture production company may receive a rebate equal to twenty-five percent (25%) of thepayroll baseand investmentfringes madepaid byfor any employee who is not a resident and whose wages are subject to the motionMississippi pictureIncome productionTax company.Withholding Law of 1968.

(b) In addition to the rebates authorized under paragraphs (a), (c) and (d) of this subsection, a motion picture production company may receive a rebate equal to twenty-five percent (25%) of payroll and fringes paid for any employee who is not a resident and whose wages are subject to the Mississippi Income Tax Withholding Law of 1968.

(d) In addition to the rebates authorized in paragraphs (a), (b) and (c) of this subsection, a motion picture production company may receive an additional rebate equal to five percent (5%) of the payroll and fringes paid for any employee who is an H.honorably discharged veteran of the United States Armed Forces and whose wages are subject to the Mississippi Income Tax Withholding Law of 1968.

H.

704 *HR43/R1205PH**HR43/R1205SG* ~ OFFICIAL ~ 23/HR43/R1205PH23/HR43/R1205SG PAGE 8(BS\EW) honorably(e) dischargedBase veteraninvestment, ofpayroll theand/or Unitedfringes Statesfor Armedwhich Forcesa andrebate whosemay wagesbe arerequested subjectunder tothis thesection: Mississippi Income Tax Withholding Law of 1968.

(e) Base investment, payroll and/or fringes for which a rebate may be requested under this section:

The request must H.include a detailed accounting of the base investment made by the motion picture production company and any other information required by the Department of Revenue.

Rebates made by the H.

704 *HR43/R1205PH**HR43/R1205SG* ~ OFFICIAL ~ 23/HR43/R1205PH23/HR43/R1205SG PAGE 9(BS\EW) includeDepartment aof detailedRevenue accountingunder ofthis thesection baseshall investmentbe made byfrom thecurrent motionincome picturetax productioncollections. company and any other information required by the Department of Revenue.

Rebates made by the Department of Revenue under this section shall be made from current income tax collections.

704 *HR43/R1205PH**HR43/R1205SG* ~ OFFICIAL ~ 23/HR43/R1205PH23/HR43/R1205SG ST: