Income tax; authorize tax credit for companies engaged in television productions.

HB 327 provides a tax credit for companies producing scripted or unscripted television content (like series or pilots) in Mississippi. It directly affects production companies that spend at least $4 million in the state, with at least 65% of the project’s running time filmed there, and obtain Mississippi Development Authority certification. The bill offers three key credits: 25% of qualified expenditures (e.g., sets, equipment), 20% on non-resident payroll/fringes (capped at $3 million per employee), and 30% on resident payroll/fringes (also capped). Companies can also claim a 5% credit if 50% of key crew members (directors, producers, cinematographers) are Mississippi residents. Unused credits can be carried forward for up to ten years.