The bill amends the Entertainment Industry Incentive Act of 2009 by renaming the Alabama Film Office to the Alabama Entertainment Office and expanding the definition of qualified productions to include music albums. It establishes a minimum expenditure limit of $30,000 for music albums to qualify for incentives and increases the annual cap on incentives to $20 million for the fiscal years ending September 30, 2025, and $22 million for subsequent years, while reserving $2 million specifically for music albums. Additionally, the bill allows for the carryover of unspent incentives up to $3 million to future fiscal years. The amendments to Sections 41-7A-1, 41-7A-42, and 41-7A-43 introduce new definitions and provisions related to music album production, clarifying the criteria for qualified productions and the rebate structure for production expenditures. The bill also removes previous caps on incentives for fiscal years ending September 30, 2009, through 2014, which ranged from $5 million to $15 million, and mandates an evaluation of the program by an out-of-state entity, with findings to be reported to the Legislature by the first legislative day of the 2027 Regular Legislative Session. The act is set to take effect on October 1, 2025.

Statutes affected:
Introduced: 41-7A-1, 41-7A-42, 41-7A-43, 41-7A-48
Engrossed: 41-7A-1, 41-7A-42, 41-7A-43, 41-7A-48
Enrolled: 41-7A-1, 41-7A-42, 41-7A-43, 41-7A-48