AZ SCR1039

Proposes constitutional amendment requiring any income tax credit (individual or corporate) to expire after a maximum of 10 consecutive taxable years.

Legislature must establish a repeal schedule by majority vote in both houses for all existing and future income tax credits.

Legislature may extend an expiring credit for another 10-year period only with a two-thirds affirmative vote in both houses.

Legislature may review and evaluate income tax credits before their repeal date.

Amendment applies regardless of any conflicting law or constitutional provision, and requires voter approval at the next general election.