More Money Spent on Alabama Productions in 2015

Estimates from the Alabama Film Office reveal that movie and production companies spent more in 2015 than last year.  About $55.2m was spent in Alabama this year compared to $50.8m in 2014.

Much of that is due to Alabama’s tax incentives designed to attract movies and TV productions to the state.  Productions are eligible for a 25 percent reimbursement on taxes paid for goods and services in the state.  They can also earn a 35 percent reimbursement for taxes on hiring people based in Alabama.

The film office says with the latest figures production companies collectively will collect about $14.8m once audits of their expenses are done by the state at the end of the year.  That is still well below the cap state legislators put on those reimbursements, set at $25m this year.

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s