AZ HB2464

Repeals sections 43-1076 (healthy forest enterprise income tax credit) and 43-1081.01 (enterprise zone tax credit) effective immediately upon enactment.

Amends sections 41-1512 and 41-1516 to remove references to the repealed income tax credits and add new reporting requirements for qualified facilities and healthy forest enterprises to the Arizona Commerce Authority and Joint Legislative Budget Committee.

Removes sections 43-1076 and 43-1081.01 from the income tax credit review schedule under section 43-222.

Updates section 43-1021 to remove references to the repealed tax credits in provisions relating to depreciation and adjusted basis calculations.

Adds new reporting requirements to section 43-1084 (agricultural water conservation credit) requiring annual reporting by claimants and the Department of Revenue to track water usage reductions.

Requires a two-thirds affirmative vote of both houses of the legislature for enactment pursuant to Article IX, Section 22 of the Arizona Constitution.