Key provision of bill on film tax credits
By Cronkite News Service
Here are key provisions of HB 2611, sponsored by Rep. Jim Weiers, R-Phoenix:
_ Raise the annual cap on tax credits production companies can receive from $60 million to $100 million.
_ Reduce the percentage of Arizona residents required to participate in productions that receive tax credits from 50 percent to 25 percent;
_ Create the Arizona Film Office Advisory Council, a 10-member group appointed by the governor that would oversee the tax-incentive program rather than the state Department of Commerce.