Incentives for Film Production
|
On March 24, 2009 Former Governor Bob Riley signed into law the Entertainment Industry Incentive Act of 2009. A qualified production company shall be entitled to a 25% rebate of all state certified expenditures and 35% of all payroll paid to residents of Alabama for the state certified production. Production expenditures for a project must equal or exceed at least $500,000 but must not exceed $20,000,000.
|
The Rules & Regulations for the Alabama incentive program have been approved and adopted. For more detailed information click on the link below (Please have your legal or tax advisors read the Rules & Regulations and how they will apply to your project)
New Alabama Immigration Laws
There is a new Alabama statute dealing with illegal immigration within the state that you and your company need to know about. Gaining a working knowledge of this statute is very important for your company. Unless your company is in compliance with this statute your company can not as a matter of law receive incentives from the State of Alabama. Further, there are significant penalties for noncompliance. This statute is known as the Beason-Hammon Alabama Taxpayer Incentive Act, Act No. 2011-353 (the “Act”). A copy of the Act can be provided upon request.
The Alabama Film Office recommends that you discuss the Act with your attorney and Human Resources Department. We are happy to have your company in our state. Compliance with the Act by your company will allow AFO to assist your company in receiving all available incentives without undue delay or interruption.
To apply for the Alabama Film incentives, please fill out the application and mail to the address below.
Include in the Application Packet:
Signed and completed application form
$100.00 Application Fee
Shooting script and script synopsis
Production budget
(You must also withdraw your business once you have filed your Alabama Income Tax Form)
Alabama Declaration of Residency
Child Labor Laws have changed please click here for more information.