AZ HB2295

Establishes a 20% premium tax credit for insurers that invest in high-technology businesses headquartered in Arizona through an authorized finance organization.

Credit applies against premium tax liability under sections 20-224, 20-837, 20-1010, 20-1060, and 20-1097.07, with excess credits refunded to insurers.

Insurers claiming the credit are exempt from additional retaliatory taxes that would otherwise apply under section 20-230.

Caps annual tax credits at $10 million in 2014, $20 million in 2015, and $20 million in 2016, with no single insurer receiving more than 20% of annual allocations.

Defines "high technology business" as entities in health, bioscience, semiconductors, electronics, information technology, energy, aerospace, or defense sectors.