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AL SB390
Bill
Status
5/7/2019
Primary Sponsor
Garlan Gudger
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AI Summary
SB390 Summary
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Amends Section 41-7A-48 of the Alabama Code to increase aggregate incentive caps for qualified production companies producing film, television, and entertainment projects in Alabama.
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Establishes new incentive cap amounts for fiscal years 2019-2021: $30,000,000 for FY 2019, $40,000,000 for FY 2020, and $50,000,000 for FY 2021.
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Maintains previously established cap of $20,000,000 for fiscal years 2015-2018.
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Becomes effective on the first day of the third month following passage and gubernatorial approval.
Legislative Description
Entertainment, increase cap on film production tax credits, Sec. 41-7A-48 am'd.
Entertainment
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation Education
5/7/2019