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Alabama Motion Picture Incentive Legislation |
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A proposed Bill that would that would extend the Alabama Film Office authorized employment tax credits to companies for film production until September 30, 2009. |
79586-1:n:01/10/2006:MCS/th LRS2006-214
| SYNOPSIS: | Currently, film production companies approved by the Alabama Film Office are exempted from sales, use, and lodging taxes while working on film projects in the state. Those exemptions are scheduled to end September 30, 2006, unless continued by an act of the Legislature. |
| This bill would extend the exemptions until September 30, 2009. |
To amend Section 7 of Act 2001-975, 2001 Third Special Session (Acts 2001, p. 908), as last amended by Act 2005-305 of the 2005 Special Session, relating to certain sales, use, and lodging tax exemptions for certain film production companies working in the state, to extend those exemptions until September 30, 2009.
BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:
Section 1. Section 7 of Act 2001-975, 2001 Third Special Session (Acts 2001, p. 908), as last amended by Act 2005-305 of the 2005 Special Session, is further amended to read as follows:
"Section 7. The provisions of this act granting exemption from sales,
use, and lodging taxes to film production companies approved by the Alabama Film
Office including, but not limited to, those exemptions provided pursuant to
subdivision (46) of subsection (a) of Section 40-23-4, subdivision (35) of
Section 40-23-62, and subsection (b)(iii) of Section 40-26-1, Code of Alabama
1975, shall sunset at the end of the fiscal year ending September 30, 2005
2006, unless continued by an act of the Legislature."
Section 2. This act shall become effective immediately following its passage and approval by the Governor, or its otherwise becoming law.