Mississippi Tax Credits
Key Success Factors
Application
Productions must apply with the State 2-4 weeks prior to start of production. Only the entity paying the crew and vendors in State may qualify expenditures.
Spend Requirements
$50,000
CPA Audit Required?
No. State Department of Revenue will review the expenditures.
Loan-Out:
Registration/Withholding
Registration/Withholding
Yes / 5%
Residency
Resident AND non resident payroll qualify, but at least 20% of the crew must be MS residents
Program Limits
Production Cap
$10,000,000 per production
Program Cap
$20,000,000 per fiscal year (July 1-June 30). Applications are first-come first-served.
Payroll Cap
$5,000,000 per hire
Program Highlights
Tax Credit Type
Rebate
Tax Credit Amount
25-35%
Questions about the Mississippi Motion Picture Tax Credits Program?