AZ SB1243

Extends the deadline for the Arizona Commerce Authority to authorize small business investment tax credits from June 30, 2021 to June 30, 2031.

Increases the annual cap on additional tax credits that may be certified from $2,500,000 to allow continued certification through 2031, plus any unused credit capacity carried over from prior years.

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

Makes minor technical corrections to statutory language regarding credit authorization and claim requirements.