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AL HB326
Bill
Status
3/19/2024
Primary Sponsor
Jamie Kiel
Click for details
AI Summary
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Renames the Alabama Film Office to the Alabama Entertainment Office throughout the Entertainment Industry Incentive Act of 2009.
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Adds music albums as a qualified production category eligible for state rebates and tax incentives.
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Sets minimum production expenditure threshold of $30,000 for music albums to qualify for incentives, with rebates capped at $200,000 in production expenditures.
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Reserves $2,000,000 annually (beginning October 1, 2024) from the total incentive fund for music album projects, with unallocated funds reverting to other production companies after July 1 each year.
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Becomes effective June 1, 2024.
Legislative Description
Entertainment Industry Incentive Act of 2009 amended, music albums included as qualified production, minimum qualifications established
Economic Development
Last Action
Read for the Second Time and placed on the Calendar
5/8/2024