HB 2385 Summary

• Creates a transaction privilege and use tax reimbursement program for motion picture production companies that complete projects in Arizona, administered by the Arizona Commerce Authority and Department of Revenue.

• Requires production companies to apply within 90 days of project completion, submitting detailed expense documentation; the Authority has 90 days to review and approve applications.

• Establishes "qualified production expenses" including materials, equipment, facilities, lodging, food, location fees, postproduction services, and vehicle rentals purchased from Arizona vendors.

• Defines "motion picture production company" broadly to include films, documentaries, television, commercials, digital media, videogames, and similar content, but excludes news programs, sporting events, corporate training, and certain other productions.

• Establishes the Qualified Motion Picture Production Reimbursement Fund from legislative appropriations with a capped annual reimbursement limit (amount not specified in bill) distributed on a first-come, first-served basis.