Loading chat...

AZ HB2664

Bill

Status

Introduced

4/30/2018

Primary Sponsor

David Livingston

Click for details

Origin

House of Representatives

Fifty-third Legislature - Second Regular Session (2018)

AI Summary

  • Amends the financial services fund to broaden its use from supervising loan originators to discharging all duties imposed by law on the department.

  • Modifies school district desegregation funding to allow use of secondary property taxes (without voter approval) beginning in fiscal year 2018-2019, instead of requiring primary property tax levies.

  • Reduces job creation withholding tax allocations to $21,500,000 annually (from $26,500,000) for the Arizona Commerce Authority fund and $11,500,000 annually (from $16,500,000) for the Arizona Competes fund, starting in fiscal year 2018-2019.

  • Adds subtraction from Arizona gross income for military retirement pay of $3,500 (increased from $2,500) for taxable years beginning after December 31, 2018.

  • Modifies highway appropriations and distributions, establishes gaming revenue deposits for boxing and mixed martial arts regulation, suspends insurance fee adjustments for fiscal year 2018-2019, and authorizes agricultural fee adjustments.

Legislative Description

Revenues; budget reconciliation; 2018-2019.

Budget Bills

Last Action

House Committee of the Whole action: Do Pass Amended

5/3/2018

Full Bill Text

No bill text available