AZ SB1139

Amends Arizona Revised Statutes section 41-1518 to modify the capital investment tax credit program for angel investors in qualified small businesses.

Changes the tax credit authorization cap from a single $20 million limit through June 30, 2021 to $20 million through June 30, 2016, plus an additional $7 million from June 30, 2016 through June 30, 2021.

Maintains existing credit rates of 12% annually for two years plus 11% for year three for rural county or bioscience investments, and 10% annually for three years for other qualified investments.

Preserves existing restrictions including $500,000 annual investment limit per investor, $2 million maximum per business, and minimum $25,000 investment requirement.

Makes minor technical corrections to statute language including changing "per cent" to "percent" and clarifying terminology for consistency.