Income tax; authorize credits for certain in-state television productions, or alternative rebate for 75% of credit amount.

An Act To Provide An Income Tax Credit For A Portion Of Certain Expenditures Made By Companies Engaged In Certain Television Productions In Mississippi; To Define Certain Terms; To Establish The Amount Of The Credit; To Provide That, If The Amount Of The Credit Claimed By A Production Company Exceeds The Amount Of Income Tax Liability Of The Production Company For A Taxable Year, The Production Company May Carry The Excess Credit Forward For 10 Years; To Provide That, In Lieu Of Claiming A Tax Credit, The Production Company May Elect To Claim A Rebate In The Amount Of 75% Of The Amount It Would Be Eligible To Claim As A Credit; To Amend Sections 57-89-7 And 57-89-51, Mississippi Code Of 1972, To Conform To The Provisions Of This Act; And For Related Purposes.