Bill > SB1382

This bill establishes a comprehensive framework for regulating business relocations out of Arizona, requiring employers with 50 or more full-time employees to provide 120 days' notice to the Department of Economic Security before moving to another state or foreign country. The bill defines key terms such as "employer," "part-time employee," and "state subsidy," and imposes significant penalties for non-compliance, including a potential daily civil penalty of up to $10,000. Businesses that relocate will be ineligible for state subsidies for five years and must remit any previously received subsidies, though the Arizona Commerce Authority may waive these requirements if the relocation would result in substantial job loss, environmental harm, or significant economic impact. Additionally, the bill mandates that state contractors perform work primarily within Arizona, with a compliance deadline of November 1, 2026, and requires all new employees for state contracts to be hired within the state starting November 1, 2025. The legislation, titled the "State Investment Accountability Act," aims to discourage businesses from leaving Arizona and protect the state's economic interests while ensuring that workers who are employed by relocating companies continue to receive their entitled benefits and compensation.