HB 2909 Summary

• Delays the deadline for establishing a third-party sourcing service provider certification process from January 1, 2026 to January 1, 2028 for tangible personal property transactions.

• Extends the deadline for qualifying equipment exemption under forest products business provisions from June 30, 2024 to December 31, 2026.

• Increases the school tuition organization tax credit cap from $10,000,000 to $135,000,000 annually beginning fiscal year 2024-2025, replacing previous percentage-based increases with a new formula.

• Expands scholarship eligibility for school tuition organizations to include foster care students meeting specific criteria and inability to attend public schools due to behavioral, expulsion, or specialized service needs.

• Establishes property tax relief mechanisms for school districts affected by the Qasimyar v. Maricopa County tax judgment, including tax anticipation note issuance authority and state aid adjustments through December 31, 2030.