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Committee approves film and music production rebate changes, adopts amendment on 'loan-out' payments
Summary
A legislative committee voted to report favorably on House Bill 373, including an amendment that narrows when payments to "loan-out" companies count toward the production expenditures rebate; the committee also gave a favorable report on a similar Senate bill with a departmental change.
Representative Kiel presented two largely identical measures to the Economic Development and Tourism committee that would expand Alabama's incentives for film and music production and change how certain payments are treated for the production expenditures rebate.
The bills would add musical productions and albums to the existing incentive language, allocate $2,000,000 for musical albums, and allow unused incentive funds to be rolled forward. Representative Kiel said the proposals update language from earlier drafts and reflect a change in leadership at the Alabama Film Office (also referenced in testimony as the Alabama entertainment office).
Members adopted a friendly amendment that revises the rebate computation for production…
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