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AL SB473
Bill
AI Summary
SB 473 Summary
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Suspends tax rebates and sales, use, and lodging tax exemptions available to qualified entertainment production companies for a two-year period beginning with fiscal year ending September 30, 2014.
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Reinstates the entertainment industry incentives for the fiscal year beginning October 1, 2016, returning to the standard aggregate cap structure previously established.
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Amends Section 41-7A-48 of the Code of Alabama 1975, as amended by Act 2012-212 of the 2012 Regular Session.
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Takes effect immediately upon passage and approval by the Governor.
Legislative Description
Economic Development, entertain industry incentives, qualifed production project, qualified expenditure available for rebate or exemption increased, Sec. 41-7A-48, am'd; Act 2012-212, 2012 Reg. Sess., am'd
Economic Development
Last Action
Indefinitely Postponed
4/1/2014