HB316 Alabama 2019 Session
In Committee
Bill Summary
Sponsors
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
<p class="bill_description"> Under existing law, a qualified production
company is entitled to a certain rebate for
production expenditures</p><p class="bill_description">
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</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 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 to allow state certified productions to
aggregate their budgets to surpass the threshold limit.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 2, 2019 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB316 Alabama 2019 Session - Introduced |