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AZ HB2870

Bill

Status

Introduced

5/19/2020

Primary Sponsor

Isela Blanc

Click for details

Origin

House of Representatives

Fifty-fourth Legislature - Second Regular Session (2020)

AI Summary

  • Requires the Arizona Commerce Authority to publish an annual report beginning January 1, 2021, posting the report on its website with information about qualified investors receiving tax credits.

  • Annual report must include the names of qualified investors, amounts of qualified investments made, number of qualified small businesses that received investments, number of employees the qualified investor employs in Arizona, and a description of the qualified investor's assets in the state.

  • Makes technical corrections to Arizona Revised Statutes section 41-1518 regarding capital investment incentives, including updating dollar amounts from word form to numerical form.

  • Maintains existing requirements for the Arizona Commerce Authority to evaluate applications, certify qualified investors, and administer tax credits for qualified investments in small businesses under section 43-1074.02.

Legislative Description

Commerce authority; qualified investors; report

Last Action

Assigned to House RULES Committee

5/19/2020

Full Bill Text

No bill text available