AZ HB2873

Repeals sections 43-1076 and 43-1081.01 (income tax credits for forest products and pollution control equipment) and sections 43-1162 and 43-1170.01 (corresponding corporate income tax credits).

Amends section 41-1512 to add reporting requirements for qualified facilities receiving tax credits, requiring annual reporting to the Arizona Commerce Authority on employee hiring and capital expenditures by March 1 each year.

Amends section 41-1516 to remove references to repealed income tax credit sections 43-1076 and 43-1162 for healthy forest enterprise incentives.

Modifies section 43-222 to update the income tax credit review schedule, replacing repealed credits with sections 43-1083.03 and 43-1164.04 (qualified facility credits).

Adds new reporting requirements to section 43-1084 (agricultural water conservation credit) requiring annual reporting on water usage reduction and comparative state tax credit data by May 1 each year; requires two-thirds legislative vote for enactment.