Qualified Production: A Comprehensive Guide to Its Legal Definition
Definition & Meaning
Qualified production refers to entertainment content that is created, either fully or partially, within a specific state, such as Alabama. This includes various forms of media, such as motion pictures, documentaries, television programs, video games, and commercials. The term encompasses any content intended for national or international distribution, provided it meets the criteria set by state statutes. However, certain productions, such as news broadcasts, fundraising events, and corporate training videos, are excluded from this definition.
Legal Use & context
Qualified production is primarily used in the context of state tax incentives and funding for the entertainment industry. It is relevant in areas such as entertainment law and tax law. Productions that qualify may benefit from financial incentives, which can include tax credits or grants. Users can manage related legal forms and applications through resources like US Legal Forms to ensure compliance with state requirements.
Real-world examples
Here are a couple of examples of abatement:
One example of a qualified production is a feature film that is shot on location in Alabama and includes local talent and crew. Another example (hypothetical example) could be a documentary series that is filmed partially in Alabama and highlights local culture and history.
Relevant laws & statutes
The primary statute defining qualified production in Alabama is Code of Ala. § 41-7A-42(8). This statute outlines the types of content that qualify and the exclusions that apply.