AZ HB2198

Repeals sections 43-1076 and 43-1081.01 of Arizona Revised Statutes, eliminating two income tax credit provisions.

Amends section 41-1512 to add reporting requirements for qualified facilities, including annual reporting to the authority on full-time employees hired and capital expenditures by March 1 each year.

Amends section 41-1516 to remove references to section 43-1076 (healthy forest enterprise income tax credit) in reporting requirements.

Amends section 43-1084 to add reporting requirements for agricultural water conservation system credits, including claimant reporting by March 1 and department reporting to the legislature by May 1.

Amends section 43-222 to remove sections 43-1076 and 43-1081.01 from the income tax credit review schedule for years ending in 4 and 9.

Requires a two-thirds vote of both legislative houses for passage and becomes effective immediately upon the governor's signature or three-fourths vote override.