SB290 Alabama 2012 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2012
Title
Economic Development, entertain industry incentives, qualifed production project, qualified expenditure available for rebate or exemption increased, Sec. 41-7A-43, 41-7A-48, am'd; Act 2011-695, 2011 Reg. Sess., am'd
Description
<p class="bill_description"> Under existing law, certain tax rebates and
sales, use, and lodging tax exemptions are
available as economic incentives for qualified
production companies in the entertainment industry
that engage in qualified productions in the state</p><p class="bill_description">
This bill would increase the maximum amount
of production costs a qualified project could
expend and still be eligible to receive a rebate</p><p class="bill_description">
This bill would increase the annual cap for
incentives allowed during any fiscal year</p><p class="bill_entitled_an_act"> Relating to the entertainment Industry Incentives
Act of 2009; to amend Sections 41-7A-43, as amended by Act
2011-695 of the 2011 Regular Session, and 41-7A-48 of the Code
of Alabama 1975, to increase the maximum expended amounts
beyond which rebates would not be allowed and increase the
annual cap for incentives allowed during any fiscal year.
</p>
Subjects
Economic Development
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 9, 2012 | Read for the first time and referred to the Senate committee on Finance and Taxation General Fund |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB290 Alabama 2012 Session - Introduced |