Section 41-7A-40 – Short Title.
Section 41-7A-40 Short title. This article may be cited as the “Entertainment Industry Incentive Act of 2009.” (Act 2009-144, p. 268, §1.)
Section 41-7A-41 – Legislative Findings.
Section 41-7A-41 Legislative findings. The following is hereby found and declared by the Legislature of Alabama: (1) Although Alabama is filled with attractive natural resources, a growing workforce, and other resources attractive to the entertainment industry, Alabama has not developed its potential in terms of attracting the entertainment industry to the state by offering production […]
Section 41-7A-42 – Definitions.
Section 41-7A-42 Definitions. For purposes of this article, the following terms shall have the following meanings: (1) COMPANY. A corporation, partnership, limited liability company, or any other business entity. (2) DEPARTMENT. The Alabama Department of Revenue. (3) ENTERTAINMENT INDUSTRY. Those persons or entities engaged in the production of entertainment content as defined under paragraph a. […]
Section 41-7A-43 – Rebates for Qualified Production Companies.
Section 41-7A-43 Rebates for qualified production companies. (a) Beginning January 1, 2009, a qualified production company shall be entitled to a rebate for production expenditures, as defined in subdivision (7) of Section 41-7A-42, related to a state-certified production. The rebate shall be equal to 25 percent of the state-certified production’s production expenditures excluding payroll paid […]
Section 41-7A-44 – Proprietary and Confidential Information.
Section 41-7A-44 Proprietary and confidential information. Commercial or financial information given in confidence that is not required to be disclosed pursuant to this article or any other state statute, and trade secrets, including, but not limited to, information relating to formulas, patterns, compilations, programs, devices, methods, techniques, processes, drawings, cost data, customer lists, film or […]
Section 41-7A-45 – Tax Exemption – Qualifications.
Section 41-7A-45 Tax exemption – Qualifications. A qualified production company that intends to expend in the aggregate one hundred fifty thousand dollars ($150,000) or more in connection with a qualified production in the State of Alabama within a consecutive 12-month period, upon making application for, meeting the requirements of, and receiving written certification of that […]
Section 41-7A-46 – Tax Exemptions – Application; Issuance of Certificates; Reporting Requirements.
Section 41-7A-46 Tax exemptions – Application; issuance of certificates; reporting requirements. (a) A qualified production company that intends to produce all or any part of a qualified production project in Alabama and desires to be exempted from the payment of state sales, use, and lodging taxes levied pursuant to Sections 40-23-2, 40-23-61, and 40-26-1, respectively, […]
Section 41-7A-47 – Promulgation of Rules.
Section 41-7A-47 Promulgation of rules. The department and the office may collectively promulgate rules as are necessary to implement and administer this article. (Act 2009-144, p. 268, §8.)
Section 41-7A-48 – Limitations on Incentives.
Section 41-7A-48 Limitations on incentives. For the fiscal year ending September 30, 2009, the aggregate cap of incentives granted under this article shall not exceed five million dollars ($5,000,000) for all qualified production companies. For the fiscal year ending September 30, 2010, the aggregate cap of incentives granted under this article shall not exceed seven […]