AZ HB2804

Establishes a new chapter in Arizona law requiring granting bodies to either cross-check job creation data against unemployment insurance records or conduct periodic audits of recipient corporations receiving development subsidies valued at $25,000 or more.

Development subsidies must include clear purposes, expected job creation numbers, wage and benefit achievements, capital investments, economic return expectations, duration, and termination dates.

Recipient corporations must achieve job creation and wage/benefits obligations within two years of the subsidy date and maintain those achievements for the subsidy duration or five years, whichever is longer.

Establishes recapture and rescission provisions: subsidies are reduced prorated for shortfalls in job creation or wages; subsidies are rescinded if a recipient corporation misses job creation targets by 25% or more for three consecutive years.

Corporate parents of recipients must maintain at least 90% of their baseline employment in Arizona or face doubled recapture rates; subsidies are rescinded if the parent fails to maintain this threshold for three consecutive years.

Allows Arizona taxpayers and taxpayer organizations to sue in superior court to compel enforcement if a granting body fails to enforce the chapter; awards attorney fees and costs to prevailing parties.