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
This bill would increase the maximum amount of production costs a qualified project could expend and still be eligible to receive a rebate
This bill would increase the annual cap for incentives allowed during any fiscal year
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.
|February 9, 2012
|Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
|SB290 Alabama 2012 Session - Introduced