HB 2271 Summary

• Repeals section 43-1081.01 (agricultural pollution control equipment tax credit) effective for taxable years beginning in 2023 and adds conforming adjustments to income tax provisions.

• Requires qualified facilities receiving tax credits under sections 43-1083.03 and 43-1164.04 to report annually by March 1 to the Arizona Commerce Authority on employee hiring, compensation and benefit information by job classification, and capital expenditures.

• Requires the Arizona Commerce Authority to report annually by May 1 to the joint legislative budget committee on aggregated data from all qualified facilities regarding employment, wages by job classification, and capital investments.

• Requires entities receiving grants under article 41-1545 to submit annual progress reports by December 31 including compensation and benefit information with median annual wages by job classification for required positions.

• Requires agricultural water conservation system tax credit claimants to report annually by March 1 on water usage reductions, with the Department of Revenue reporting aggregate data by May 1 to the joint legislative committee.

• Requires enactment by two-thirds vote of both legislative houses and becomes effective immediately upon gubernatorial signature or three-fourths legislative override of a veto.