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House approves recording, concert, theater incentives

JACKSONstate capitol — House members favor subsidies for people who record music or produce concerts or theater performances in Mississippi.

The House voted 110-5 to pass House Bill 907 Thursday, sending it to the Senate.

House Tourism Committee Chairwoman Rita Martinson, a Madison Republican, says the measure will lure more recording and concerts to Mississippi.

An out-of-state company spending at least $15,000 on recording would get a 25 percent rebate, as would an in-state company spending at least $5,000. The bill permits $1 million in yearly rebates.

The bill says anyone spending $100,000 or more on a musical or theatrical production could get a 25 percent rebate. Up to $500,000 in those rebates could be given yearly.

Mississippi already gives rebates worth 25 percent of in-state spending on video and video game production.

 

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About Megan Wright

One comment

  1. How will this bill influence concert production companies? Rebates are a great incentives for companies to continue with production, but what will it actually accomplish in this situation? I appreciate the government trying to help out these different businesses, I just don’t know if it’ll actually help.

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