AZ HB2409

Extends the deadline for the Arizona Commerce Authority to authorize tax credits for qualified investments in small businesses from June 30, 2021 to June 30, 2031.

Increases the annual credit certification limit from $2,500,000 to $2,500,000 per fiscal year (maintains current amount) for the period from June 30, 2017 through June 30, 2031.

Extends the period during which taxpayers can claim the investment tax credit from taxable years ending December 31, 2024 to December 31, 2034.

Allows carryforward of unused credits to the next three consecutive taxable years if the credit exceeds tax liability in the current year.

Maintains existing requirements for qualified investors and qualified small businesses, including asset limits, location requirements, and restrictions on prohibited activities.