HB316 Alabama 2019 Session

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.

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Subjects

Taxation