Arizona Expected to Approve $125 Million Tax Credit to Lure Hollywood Production
thewrap.comVariety. “We’re tired of all of this creative talent driving through Arizona to get to New Mexico.” Representative Londgon did not immediately return TheWrap’s request for comment.
The bill, which passed the Senate on a bipartisan 21-7 vote earlier this year and is expected to be officially signed into law by the House of Representatives this week, would follow in the footsteps of the Arizona Motion Picture Production and Infrastructure Credit, which provided $22.5 million across several dozen productions between 2005 and 2010.
Arizona has previously been home to a number of notable entertainment projects over the years, including the 1993 Western “Tombstone.” Yet, as tax credits have taken on increased importance in Hollywood budgeting over the last two decades, Arizona has not elicited high levels of film and TV activity.
Arizona’s Rep. Justin Wilmeth told Variety that he thinks this new bill “is the worst-case scenario for New Mexico.” Wilmeth did not immediately respond to TheWrap’s request for comment.
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