Quantcast
Don't Miss
Home / Home news / Senate approves motion picture tax credit

Senate approves motion picture tax credit

The Arizona Senate has approved a bill creating a tax credit for motion picture production in the state.

The bill that passed Thursday afternoon proposes a 20 to 25 percent tax credit for filmmakers that spend at least $250,000 in qualified expenses.

A similar bill was introduced last year and in 2010 but neither bill made it to the Governor’s desk.

A 2006 law created a motion picture tax credit in the state but the incentive expired in 2010.

This year’s bill would create a tax credit that lasts through 2041.

Lawmakers who voted against the bill say the state shouldn’t support a particular industry.

Supporters say the bill would create film industry jobs for Arizonans.

The bill now goes to the House.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 

Scroll To Top