Mississippi Agreement to Produce Motion Picture

State:
Multi-State
Control #:
US-02592BG
Format:
Word; 
Rich Text
Instant download

Description

The Film Producer is charged with managing the expenses, organization, and all decisions involved in producing the film itself. It is the Film Producer that conceives of an idea for a film, hires a Director, makes casting decisions, and decides on the film crew and locations. The Producer is the primary authority overseeing the all aspects of the production of a film, and its progress.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Manufacturing Investment Tax Credit: To support the retention and expansion of manufacturers, Mississippi offers an investment tax credit to companies that have maintained a manufacturing facility in the state for at least 2 years. To qualify, a business must invest at least $1 million in buildings and/or equipment.

What is the Local Resource Manufacturing (LRM) Tax Credit Program? The LRM Tax Credit will be equal to forty-seven cents per unit of dry natural gas purchased for use in manufacturing petrochemicals and fertilizers and will be limited to 20% of the taxpayer's CNIT or pass-through tax liability.

One key difference between production tax credits and investment tax credits is that one continues to pay out based on the amount of a product produced, such as wind energy, while the other requires actual dollars to be spent to gain the benefit of the credit.

Eligible technologies include solar thermal process heat, solar thermal electric, solar water heat, solar space heat, fuel cells, geothermal direct use, biomass, wind, geothermal heat pumps, and others.

The amount of the section 48D credit allowable to a taxpayer for any taxable year is generally an amount equal to 25 percent of the basis of any qualified property that is part of an eligible taxpayer's advanced manufacturing facility if the qualified property is placed in service during such taxable year and after ...

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Mississippi Agreement to Produce Motion Picture