AZ HB2235

Amends Arizona Revised Statutes section 41-1518 to modify the angel investor tax credit program administered by the Arizona Commerce Authority.

Changes the dollar cap on tax credits the authority can certify from a single $20 million limit through June 30, 2021, to a two-tier system: $20 million through June 30, 2017, then an additional $10 million from July 1, 2017 through June 30, 2021.

Allows the authority to recycle expired or unused tax credits back into the available pool for future certification rather than permanently removing them from the cap.

Maintains existing requirements for qualified investors, qualified small businesses, and investment minimums ($25,000) while preserving higher tax credit percentages (12%) for rural county and bioscience enterprises.