Tax Credits - Mississippi

http://www.visitmississippi.org/film/
Mississippi Investment Rebate
A production company that has an approved project is eligible for a 20% rebate of their
base investment (local spend) in Mississippi. The base investment is based on production
expenditures in Mississippi, including, but not limited to:

• Purchases of goods and services from Mississippi vendors, including legal and
insurance costs;

• Costs of services directly related to the project of a local payroll company;

• Fees directly associated with setting up a local production LLC for the project;

• Costs of the rental or purchase of equipment from an out-of-state equipment
company that has established a local office in Mississippi, or from a Mississippi
production company/vendor with a vendor/license agreement with an out-of-state
company, or if a Mississippi production company/vendor provides equipment
rented from an out-of-state company;

• Payments made to local travel agencies for airfares directly related to the project
in Mississippi where travel is to/from Mississippi, New Orleans, Memphis, or
Mobile

Resident Payroll Rebate
A production company that has an approved project is eligible for a 25% 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 $1
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 and has been withheld.

Non-Resident Payroll Rebate
A production company that has an approved project is eligible for a 20% 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 $1
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 and has been withheld.

Sales and Use Tax Exemptions

Items used directly in the production of a film are exempt from the state’s 7% sales and
use tax, pursuant to Section 27-65-101 of the Mississippi Code of 1972. Items must be
used on location to qualify for the exemption.
Remember to exclude the tax credit from your film budget.
Check QuickFilmBudget.com for a sample film budget!