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ISSUE 11 - March 23, 2012
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Regulatory tax credit
On Tuesday, March 20, the Senate Appropriations Committee held a hearing on HB 2815 (employment; incentives; regulatory tax credit). Prior to the hearing, Chairman Don Shooter (R-Yuma) circulated three amendments, including one to remove the Regulatory Tax Credit portion of the bill, the section to which the League is strongly opposed. None of the amendments, however, were offered during the committee's consideration of the bill.
The bill's sponsor, Rep. J.D. Mesnard (R-Chandler), testified that that he was engaged in discussions with the Office of the Governor regarding several provisions of the bill and that more changes were required to make the legislation acceptable to the executive branch. Rep. Mesnard has assured the League that the Regulatory Tax Credit portion of the bill will be removed with a floor amendment. Based on that assurance, the League signed in as neutral on the bill, which passed out of the committee by an 8-4 vote.
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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.
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