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Regulatory tax creditsFollowing its passage by the House, HB 2815 (employment; incentives; regulatory tax credit) was dual-assigned in the Senate to both the Finance and Appropriations Committees. The bill, which contains provisions eliminating the state capital gains tax and authorizing job training initiatives, also establishes a state regulatory tax credit. The League strongly opposes this section of the bill.Supporters of the regulatory tax credit program contend that it will have the effect of simply highlighting local regulations that may be problematic for local businesses. The League, however, understands that complaints about regulations are regularly and properly handled at the local level by city and town officials. Furthermore, it is the League's position that a convoluted appeals process that involves a state agency, additional state employees and claims on shared revenue, is completely unnecessary and should be removed from the bill. The bill is scheduled to be heard by the Senate Finance Committee on Thursday, March 15. |
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Legislative Bulletin is published by the League of Arizona Cities and Towns. Forward your comments or suggestions to league@azleague.org. |
