Arizona Film Tax Credit Initiative (2020)
Arizona Film Tax Credit Initiative | |
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Election date November 3, 2020 | |
Topic Taxes | |
Status Not on the ballot | |
Type State statute | Origin Citizens |
The Arizona Film Tax Credit Initiative was not on the ballot in Arizona as an initiated state statute on November 3, 2020.
The ballot measure would have provided an income tax credit for film production companies. To be eligible for the tax credit, a company would have needed to invest at least $500,000 in the state. The tax credit would have been equal to 25 percent of the base investment in the state. Companies would have been eligible for an additional 10 percent of the base investment as a tax credit if the Arizona Commerce Authority determines that the production includes a promotion or advertisement for Arizona. The ballot measure would have required tax revenue from the investments, whether through state income or sales taxes, to be allocated as follows: (a) 40 percent for K-12 teacher salaries; (b) 20 percent for public colleges to help reduce in-state tuition costs; and (c) 40 percent for infrastructure, including the construction and maintenance of public schools, streets and roadways, technological enhancements for the general public.[1]
Text of measure
Full text
The full text of the measure is available here.
Path to the ballot
Process in Arizona
In Arizona, the number of signatures required to qualify an initiated state statute is equal to 10 percent of the votes cast for the office of governor in the most recent gubernatorial election. Petitions can be circulated for up to 24 months. Signature petitions must be submitted four months prior to the election at which the measure is to appear.
The requirements to get initiated state statutes certified for the 2020 ballot:
- Signatures: 237,645 valid signatures were required.
- Deadline: The deadline to submit signatures was July 2, 2020.
If the secretary of state certifies that enough valid signatures were submitted, the initiative is put on the next general election ballot. The secretary of state verifies the signatures through a random sampling of 5 percent of submitted signatures working in collaboration with county recorders. If the random sampling indicates that valid signatures equal to between 95 percent and 105 percent of the required number were submitted, a full check of all signatures is required. If the random sampling shows fewer signatures, the petition fails. If the random sampling shows more, the initiative is certified for the ballot.
Stages of this initiative
The committee Arizonans for Film Tax Credit filed the ballot initiative on August 1, 2019.[1]
See also
External links
Footnotes
State of Arizona Phoenix (capital) | |
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