AZ SB1708

Establishes Arizona Motion Picture Production Program administered by Arizona Commerce Authority to certify motion picture production companies and oversee tax credits for in-state production.

Creates tax credits for motion picture production companies of 15-20% of qualified production costs based on spending levels, plus additional credits up to 2.5% each for in-state resident labor, use of qualified production facilities, and long-term facility tenants.

Limits preapproval of tax credits to $150,000,000 annually, with up to $25,000,000 reserved for productions filmed primarily at practical locations outside traditional studios.

Requires production companies to use qualified production facilities in Arizona (at least 10,000 square feet), maintain production labor positions in-state, include Arizona filming credits, and obtain preapproval and postapproval from Commerce Authority.

Excess tax credits beyond tax liability are paid to claimants within 180 days; establishes annual reporting requirements and five-year audit reviews to assess program effectiveness and industry workforce growth.