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AZ HB2660
Bill
Status
2/12/2014
Primary Sponsor
Brenda Barton
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AI Summary
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Establishes a multimedia production liaison position within the governor's office to supervise and approve multimedia production income tax credits through December 31, 2024.
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Creates tax credits of 25% of qualified production expenditures (exceeding $250,000) plus an additional 5% for wages paid to Arizona residents, with a $10 million cap per individual production.
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Requires production companies to meet minimum $250,000 in-state expenditures, obtain preapproval and postapproval from the liaison, and include an Arizona filming acknowledgment in end credits.
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Limits total preapproved credits to $30 million per fiscal year with priority given to television series; establishes managed review process by independent certified public accountants to verify eligible expenses.
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Creates a multimedia production fund from application fees and authorizes the liaison to adopt rules, maintain annual data on credits, and publish annual reports on productions, employment, and credit amounts.
Legislative Description
Multimedia production; tax incentives
Last Action
Referred to House WM Committee
2/13/2014