HB373 Summary

• Rename the Alabama Film Office to the Alabama Entertainment Office and expand its scope to include music albums as a qualified production type.

• Increase the maximum expenditure threshold for production rebates from $20 million to $25 million, with music albums having a separate $200,000 cap and a minimum spend requirement of $30,000 to qualify.

• Increase the annual incentive cap from $20 million to $30 million starting in fiscal year 2026, with $2 million annually reserved for music albums until July 1 each year.

• Allow unspent incentives up to $3 million to carry forward to the following fiscal year, with unused music album funds reverting to general production company rebates if not allocated by July 1.

• Effective date: October 1, 2025.