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AZ HB2251

Bill

Official Source

Status

Introduced

5/1/2019

Primary Sponsor

Randall Friese

Click for details

Origin

House of Representatives

Fifty-fourth Legislature - First Regular Session (2019)

AI Summary

  • Amends Arizona Revised Statutes section 43-1183 to freeze the School Tuition Organization (STO) tax credit aggregate cap at its fiscal year 2018-2019 level instead of continuing annual 20% increases.

  • Changes the language in subsection C, paragraph 1 to specify the cap applies "through fiscal year 2018-2019" rather than allowing future increases, effectively freezing the aggregate dollar limit.

  • Makes minor technical corrections to existing statute language, including hyphenation changes in subsection C, paragraph 3 ("first-come, first-served").

  • Applies retroactively from June 30, 2019 onward.

Legislative Description

STO aggregate credits; cap freeze

Income Tax Credits

Last Action

Assigned to House RULES Committee

5/1/2019

Full Bill Text

No bill text available