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Arizona Motion Picture Production Program.pdf

mopic-rules-and-guidelines-posting-23-01.pdf
Preview of Arizona Motion Picture Production Program
🔗 Source: azcommerce.com
📊 Size: 434 KB
👤 Author: ACA
⬇️ Downloads: 119

Summary

The Arizona Commerce Authority has issued a Notice of Rule Making for the Arizona Motion Picture Production Program, which was established in 2022 to promote the development of the commercial motion picture industry in Arizona. The program provides an income tax credit to qualified motion picture production companies that produce films in Arizona. To be eligible, companies must meet certain requirements, including using a qualified production facility in Arizona, maintaining production labor positions in the state, and including an acknowledgment of Arizona's involvement in the film's credits. The tax credit amount is based on production costs, with rates ranging from 15% to 20%, and additional credits are available for using qualified facilities and hiring Arizona residents. The authority has a calendar year cap on pre-approved tax credits, ranging from $75 million in 2023 to $125 million in 2025 and subsequent years. Written submissions on the proposed rule may be made within 30 days of the notice's posting, and no hearing has been scheduled at this time.

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Description

The Arizona Commerce Authority has issued a Notice of Rule Making for the Arizona Motion Picture Production Program, which was established in 2022 to promote...

Technical Information

  • File Format: PDF
  • File Size: 434 KB
  • Pages: 11
  • Language: EN
  • Author: ACA
  • Total Downloads: 119
  • Last Updated: 1 week ago

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