HB686 Alabama 2015 Session

In Committee

Bill Summary

Sponsors

Richard Lindsey

Session

Regular Session 2015

Title

Production companies, rebates for production expenditures which equal or exceed at least $500,000 from date or production approval, Sec. 41-7A-43 am'd.

Description

Under existing law, a qualified production company shall be entitled to a certain rebate for production expenditures

This bill would allow a qualified production company to claim tax rebate for production expenditures for projects which equal or exceed at least five hundred thousand dollars ($500,000) within 12 months from the date that the production is approved as a qualified production

To amend Section 41-7A-43 of the Code of Alabama 1975, relating to rebated production expenses of a qualified production company; to allow a qualified production company to claim tax rebate for production expenditures for projects which equal or exceed at least five hundred thousand dollars ($500,000) within 12 months from the date that the production is approved as a qualified production.

Subjects

Taxation

Bill Actions

Action Date	Chamber	Action
May 19, 2015	H	Read for the first time and referred to the House of Representatives committee on Economic Development and Tourism

Bill Text

Download HB686 Alabama 2015 Session PDF

Bill Documents