HB599 - Alabama Tourism Destination Attraction Incentive Act

• Authorizes municipalities, counties, and public industrial authorities to grant abatements of ad valorem taxes and construction-related transaction taxes to private users of tourism destination attractions for up to 10 years.

• Defines "tourism destination attraction" as a commercial enterprise open to the public at least 120 days annually, designed to attract visitors for cultural, historical, natural, or entertainment value (examples: museums, aquariums, amusement parks, botanical gardens, convention hotels, water parks, spectator venues).

• Enables tourism destination attractions to qualify for capital credits equal to up to 5% annually of capital costs over 20 years, provided they meet employment and wage requirements (25-50 new jobs depending on location, with specified base wage thresholds).

• Increases required capital investment thresholds for tourism destination attractions to $20 million (non-favored areas) or $5 million (favored geographic areas).

• Excludes gaming facilities and establishments primarily serving local communities; does not apply to facilities primarily devoted to retail sales, shopping centers, restaurants, movie theaters, bowling alleys, fitness centers, miniature golf, or nightclubs.