SB473 Alabama 2014 Session

Summary

Primary Sponsor

Del Marsh

Republican

Session

Regular Session 2014

Title

Economic Development, entertain industry incentives, qualifed production project, qualified expenditure available for rebate or exemption increased, Sec. 41-7A-48, am'd; Act 2012-212, 2012 Reg. Sess., am'd

Summary

SB473 would pause Alabama's entertainment industry incentives for two years, with incentives set to resume on October 1, 2016.

What This Bill Does

The bill suspends the tax rebates, and sales, use, and lodging tax exemptions available under the Entertainment Industry Incentives Act for a two-year period. Incentives would be reinstated for the fiscal year beginning October 1, 2016, after the suspension ends. The bill continues to reference the existing cap structure for incentives, but during the suspension period those incentives are not awarded.

Who It Affects

• Qualified production companies in Alabama’s entertainment industry would not receive incentives during the two-year suspension.
• State agencies administering the Entertainment Industry Incentives (and the overall budget impact) would implement and manage the suspension and eventual reinstatement, including handling any caps once incentives resume.

Key Provisions

• Suspends all incentives under the Entertainment Industry Incentives Act for a period of two years, with incentives reinstated for the fiscal year starting October 1, 2016.
• Amends Section 41-7A-48 to reflect the suspension and to maintain the historical cap schedule through 2014 (ranging from $5 million up to $15 million) and a $20 million cap for all subsequent years, but the suspension overrides during the two-year period.
• Effective immediately upon passage and approval by the Governor.

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Economic Development