AZ SB1618

Creates a new chapter governing development subsidies in Arizona, defining them as public expenditures of at least $25,000 or tax reductions benefiting 100 or fewer individuals/organizations, including grants, loans, tax credits, and fee waivers.

Requires granting bodies awarding development subsidies to either cross-check job creation data against unemployment insurance records or conduct periodic audits using outside auditors.

Mandates all development subsidy awards specify expected job creation, wages, benefits, capital investments, economic return, duration, and termination date.

Subjects recipient corporations to subsidy recapture or rescission if they fail to achieve job creation obligations within 2 years, fail to maintain wages and benefits for the subsidy duration or 5 years (whichever is longer), or if their corporate parent fails to maintain 90% of baseline employment in Arizona.

Allows taxpayers or taxpayer organizations to sue in superior court to enforce the chapter if a granting body fails to enforce provisions, with the court awarding reasonable attorney fees and costs to the prevailing party.