AZ HB2217

Amends Arizona Revised Statutes Section 41-1518 to modify the capital investment incentives tax credit program administered by the Arizona Commerce Authority.

Expands the definition of "qualified small business" to include multimedia production companies in addition to existing categories.

Maintains tax credit rates of 12% for rural county businesses and bioscience enterprises, and 10% for other qualified small businesses, calculated on qualified investments over three years.

Keeps the program cap at $20,000,000 through June 30, 2017, then allows $2,500,000 in additional credits annually from July 1, 2017 through June 30, 2021, with the program sunset after June 30, 2021.

Limits individual qualified investors to maximum annual investments of $500,000 and caps total qualified investments in a single business at $2,000,000 aggregate across all years.