AZ SB1330

Amends Arizona tax credit laws for new employment by reducing capital investment requirements for certain locations from $5 million to $3 million and making capital investment and job creation requirements alternative rather than cumulative.

Modifies Section 41-1525 to allow businesses to meet either capital investment OR job creation requirements (previously required both) for qualified employment positions at designated locations.

Maintains three-year tax credit structure at $3,000 per employee per year for businesses meeting investment and employment thresholds across income tax, corporate tax, and insurance premium tax provisions.

Clarifies that qualified employment credit requirements must be accomplished within twelve months after the start of required capital investment, with restrictions on when credits can be claimed.

Applies changes retroactively to taxable years beginning from and after June 30, 2011, and updates the income tax credit review schedule to include the new employment credits in the review cycle.