|
|
|
|
Business incentivesOn Thursday, May 3, during the final hours of the legislative session, the Senate passed SB 1442 (prime contracting; manufacturing facilities; infrastructure) by a vote of 19-9. The House followed by approving the measure on a unanimous vote of 56-0. The bill permits municipalities to recapture state transaction privilege taxes paid by qualified manufacturing facilities for public infrastructure necessary to support those facilities.Unfortunately, the bill was amended in a conference committee to increase the monetary threshold required to qualify for the incentive, and the incentive's funding mechanism was fundamentally altered. Because the funding change negatively affects the formula for the distribution for state-shared revenue, the League is compelled to oppose the measure as amended. SB 1442 now awaits action by the governor. |
|
|
Legislative Bulletin is published by the League of Arizona Cities and Towns. Forward your comments or suggestions to league@azleague.org. |
