AZ SB1750

Establishes a new framework for reviewing and enforcing development subsidies in Arizona, requiring granting bodies to either cross-check job creation data against unemployment insurance records or conduct periodic independent audits of recipient corporations.

Mandates that all development subsidies of at least $25,000 must specify expected job creation, wages, benefits, capital investments, economic return, duration, and termination date.

Allows recapture or rescission of subsidies if recipients fail to meet job creation and wage/benefit obligations within two years, fail to maintain achievements for the subsidy duration or five years (whichever is longer), or if the corporate parent loses more than 10% of its baseline employment in Arizona for three consecutive years.

Requires prorated reduction of subsidies based on shortfalls in job creation and wages, with double penalty rates applied for corporate parent employment losses; complete rescission occurs if obligations are missed for three consecutive years.

Permits Arizona taxpayers and taxpayer organizations to sue in superior court to enforce the law if granting bodies fail to comply, with courts awarding attorney fees and costs to prevailing parties; requires public disclosure of enforcement activities and recipient company information.