AZ SB1293

Establishes a joint legislative income tax credit review committee consisting of 5 House and 5 Senate members to evaluate and review individual and corporate income tax credits using specified criteria.

Repeals the prior income tax credit review schedule and replaces it with a new repeal schedule in section 43-222, establishing specific expiration dates for various tax credits ranging from December 31, 2011 through December 31, 2020.

Requires new income tax credits enacted by the legislature to include a repeal date no later than the tenth taxable year after the credit takes effect, with committee review occurring in the calendar year before the legislature meets in the year of repeal.

Credits subject to repeal include solar energy credits, employment credits for enterprise zones and defense contractors, school tuition organization credits, motion picture production credits, and various other business and conservation-related credits.