House Bill 379

This act amends Sections 41-7A-42, 41-7A-43, 41-7A-46, 41-7A-47, 41-7A-48, and 41-7A-49, Code of Alabama 1975, relating to the Entertainment Industry Incentive Act of 2009, to: (1) include payments to loan-out companies in the production expenditures for which rebates may be issued to qualified production companies under certain conditions; (2) authorize the Alabama Entertainment Office to annually reserve up to $2,000,000 for rebates equal to 45 percent of the payroll paid to state residents to small qualified production companies with total production costs between $100,000 and $499,999; (3) decrease the minimum amounts for certain production expenditures to qualify for rebates; and (4) require the Department of Revenue to annually furnish the Department of Commerce with a list of all qualified production companies that have claimed a rebate to aid economic development planning.