HB686 Alabama 2015 Session
In Committee
Bill Summary
Sponsors
Session
Regular Session 2015
Title
Production companies, rebates for production expenditures which equal or exceed at least $500,000 from date or production approval, Sec. 41-7A-43 am'd.
Description
<p class="bill_description"> Under existing law, a qualified production
company shall be entitled to a certain rebate for
production expenditures</p><p class="bill_description">
This bill would allow a qualified production
company to claim tax rebate for production
expenditures for projects which equal or exceed at
least five hundred thousand dollars ($500,000)
within 12 months from the date that the production
is approved as a qualified production</p><p class="bill_entitled_an_act"> To amend Section 41-7A-43 of the Code of Alabama
1975, relating to rebated production expenses of a qualified
production company; to allow a qualified production company to
claim tax rebate for production expenditures for projects
which equal or exceed at least five hundred thousand dollars
($500,000) within 12 months from the date that the production
is approved as a qualified production.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 19, 2015 | H | Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB686 Alabama 2015 Session - Introduced |