AZ HB2621

Establishes a multimedia production liaison position within the governor's office to oversee and evaluate film production tax credits and coordinate state promotion of multimedia production in Arizona.

Creates income tax credits of 25% of qualified production expenditures (exceeding $250,000) plus an additional 5% for wages paid to Arizona residents, capped at $10 million per individual production, available through December 31, 2026.

Requires production companies to obtain preapproval and postapproval certification from the liaison, undergo managed reviews by independent certified public accountants, and include Arizona filming acknowledgment in end credits to qualify for credits.

Limits total preapproved credits to $30 million annually, allocates credits based on application filing date with priority given to television series, and allows credits to be refunded if they exceed tax liability.

Applies credits to both individual income tax (section 43-1075) and corporate income tax (section 43-1163) returns, and establishes a multimedia production fund financed by application fees.