HB30 Alabama 2015 1st Special Session

Sponsors

Session

First Special Session 2015

Title

Entertainment Industry Incentive Act, incentives, limitation on production expenditures, additional $10 million during fiscal year ending September 2016, Sec. 41-7A-43 am'd.

Description

<p class="bill_description"> Under existing law, the Entertainment Industry Incentive Act of 2009 authorizes tax incentives for qualified production companies based on production expenditures in Alabama on a state-certified production. Incentives for production expenditures expended in Alabama on a state-certified production are limited to the first twenty million dollars ($20,000,000) of production expenditures</p><p class="bill_description"> This bill would increase the production expenditures eligible for incentives for the fiscal year ending September 30, 2016, by an additional ten million dollars ($10,000,000) to a qualified production company having production expenditures in Alabama on a state-certified production for a motion picture or television series relating to a previously released documentary based on the music industry in north Alabama</p><p class="bill_entitled_an_act"> To amend Section 41-7A-43 of the Code of Alabama 1975, relating to the Entertainment Industry Incentive Act of 2009, to further provide for an increase in the production expenditures eligible for incentives for qualified production companies for the fiscal year ending September 30, 2016, for a motion picture or television series relating to a previously released documentary based on the music industry in north Alabama. </p>

Subjects

Economic Development