AN ACT TO PROVIDE AN INCOME TAX CREDIT FOR A PORTION OF CERTAIN EXPENDITURES MADE BY COMPANIES ENGAGED IN THE PRODUCTION IN MISSISSIPPI OF SCRIPTED OR UNSCRIPTED SERIES, CONTENT OR PILOT EPISODES INTENDED FOR BROADCAST OR STREAMING; TO DEFINE CERTAIN TERMS; TO ESTABLISH THE AMOUNT OF THE TAX CREDIT; TO PROVIDE THAT, IF THE AMOUNT OF THE TAX 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 TEN 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.