AZ SB1679

Creates new Chapter 20 in Title 41 of Arizona Revised Statutes governing development subsidies worth at least $25,000, including bonds, grants, loans, tax credits, tax abatements, and fee waivers.

Requires granting bodies to cross-check job creation data against unemployment insurance records or conduct periodic audits, and to specify expected job creation, wages, benefits, capital investments, and termination dates for all subsidies.

Allows recapture or rescission of subsidies if recipient corporations fail to create promised jobs within two years, fail to maintain wage and benefit achievements for the subsidy duration or five years (whichever is longer), or if corporate parents reduce in-state employment below 90% of baseline.

Provides prorated subsidy reductions for shortfalls in job creation and wages, and requires full rescission effective January 1 of the following year if a recipient misses obligations for three consecutive years.

Permits Arizona taxpayers and organizations to sue in superior court to compel enforcement of subsidy requirements, and requires granting bodies to publish enforcement statistics and make records public under Arizona's public records law.