HB316 Alabama 2019 Session

Updated Apr 26, 2021

Summary

Primary Sponsor: John W. Rogers
Democrat
Session: Regular Session 2019
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: Under existing law, a qualified production company is entitled to a certain rebate for production expenditures.
This bill would allow a qualified production company to claim a tax rebate for production expenditures for projects which equal or exceed at least $500,000 within 12 months from the date that the production is approved as a qualified production and would allow state certified productions to aggregate their budgets to surpass the threshold limit.
Subjects: Taxation

Read for the first time and referred to the House of Representatives committee on Ways and Means Education