Incentives

The Mississippi Motion Picture Incentive Program provides a cash rebate on eligible expenditures and payroll and provides sales and use tax reductions on eligible rentals/purchases. This program is available for nationally distributed motion pictures, television programs, DVDs, documentaries, short films, commercials, video games, including animation and production utilizing new technology. National distribution includes theatrical, broadcast, festival screening, streaming video, and internet delivery.

There is a $50,000 minimum Mississippi investment (local spend) per project. There is a $10 million per project rebate cap. There is a $20 million annual rebate cap. (The Mississippi state fiscal year is July 1-June 30.) There is no minimum requirement for production days or percentage of production spend.

Mississippi Investment Rebate (25%)

A production is eligible for a 25% rebate of their base investment (local spend) in Mississippi. The base investment is based on production expenditures paid to Mississippi companies in the business of providing a particular service or equipment.

Resident Payroll Rebate (30%)

A production is eligible for a 30% cash rebate on payroll paid to resident cast and crew whose wages are subject to Mississippi Income Tax Withholding and for that portion of their salary for the project up to and including $5 million. (To qualify, the employee must live in Mississippi, or maintain a home here and spend more than 6 months in the state.) For purposes of this program, payroll means salary, wages, or other compensation including related benefits paid to employees upon which Mississippi income tax is due, has been withheld, and has been paid.

Non-Resident Payroll Rebate (25%)

A production is eligible for a 25% cash rebate on payroll paid to non-resident cast and crew whose wages are subject to Mississippi Income Tax Withholding and for that portion of their salary for the project up to and including $5 million. For purposes of this program, payroll means salary, wages, or other compensation including related benefits paid to employees upon which Mississippi income tax is due, has been withheld, and has been paid.

Bonus Rebate for Veterans (5%)

A production is eligible for a 5% cash rebate on payroll paid to honorably discharged veterans of the United States Armed Forces whose wages are subject to Mississippi Income Tax Withholding. For purposes of this program, payroll means salary, wages, or other compensation including related benefits paid to employees upon which Mississippi income tax is due, has been withheld, and has been paid.

The Mississippi Income Tax Withholding Rate is 3-5%.

The tax rate for loan outs is 5%. This must be paid for loan-outs to qualify.

SALES & USE TAX INCENTIVES

Sales and Use Tax Reduced Rates

Production equipment and machinery used directly in the filming and/or editing of a project may be taxed at the reduced rate of 1.5%, as stated in Section 27-65-11 and Section 27-65-17 of the Mississippi Code of 1972. The following production equipment is eligible for this reduced rate:

  • Audio equipment
  • Camera equipment
  • Editing/Post-production equipment
  • Lighting equipment
  • Projection equipment
  • Sound equipment

Click here to download the latest information on the Mississippi Motion Picture Incentive Program and to learn how to apply.