AZ SB1080

Amends Arizona Revised Statutes Section 43-221 to establish evaluation standards for the joint legislative income tax credit review committee.

Requires the tax credit review standard to include the estimated revenue impact of credits and whether protections exist to prevent future revenue impacts from substantially exceeding estimated amounts.

Allows the review standard to optionally include the credit's history and rationale, whether it provided measurable economic benefits (such as job creation or retention), and whether the credit's application and administration process is unnecessarily complex.

Committee must complete reviews according to a schedule in Section 43-222 and determine whether each credit should be amended, repealed, or retained.

Committee must submit findings and recommendations to the president of the senate, speaker of the house of representatives, and governor by December 15 of the review year, with copies provided to the secretary of state.