HB30 Alabama 2015 1st Special Session

Summary

Primary Sponsor

Johnny Mack Morrow

Democrat

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

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.

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.

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Subjects

Economic Development