Mississippi Motion Picture Incentive Act; revise to increase certain rebates and removing caps on individual productions.

HB 1365 (Mississippi Motion Picture Incentive Act) increases rebates for film productions filming in Mississippi. It raises the base rebate rate from 25% to 40% of eligible costs spent in the state and adds a 10% bonus rebate for productions featuring Mississippi's cultural, historical, or natural landmarks (like Civil Rights sites, blues music history, or the Mississippi River). The bill removes annual caps on rebates for individual productions and total yearly disbursements. This directly affects motion picture production companies that spend at least $50,000 in Mississippi, providing them with higher financial incentives to film there.