HB408 Alabama 2020 Session
Bill Summary
Under existing law, the Entertainment Industry Incentive Act of 2009, provides that a qualified production company is entitled to a certain rebates for qualified 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
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.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 5, 2020 | 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 | HB408 Alabama 2020 Session - Introduced |