HB 2524 Summary

• Requires qualified investors to report annually by May 15 to the Arizona Commerce Authority the number of jobs created by qualified small businesses that received their investments.

• Requires the Arizona Commerce Authority to report annually by June 15 to the legislature the job creation data received and information on qualified investment allocation by industry and the number of active qualified small businesses.

• Requires renewable energy tax credit claimants to report annually by May 15 to the Department of Revenue the total megawatt hours generated from qualified and nonqualified energy resources and the number of persons employed by in-state renewable energy equipment manufacturers, installers, and service providers.

• Requires the Department of Revenue to report annually by June 15 to the legislature the renewable energy tax credit data received from claimants.