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AL SB285
Bill
Status
4/4/2024
Primary Sponsor
Garlan Gudger
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 eligible for state tax rebates and incentives.
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Sets minimum production expenditure threshold of $30,000 for music albums to qualify, with rebate cap at $200,000 of expenditures in Alabama.
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Reserves $2,000,000 annually from the incentive fund for music albums beginning fiscal year 2025, with unused funds reverting to other qualified productions after July 1 of 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
Currently Indefinitely Postponed
5/7/2024