summary
Introduced
06/11/2025
06/11/2025
In Committee
06/13/2025
06/13/2025
Crossed Over
06/16/2025
06/16/2025
Passed
06/25/2025
06/25/2025
Dead
Vetoed
06/25/2025
06/25/2025
Introduced Session
Fifty-seventh Legislature - First Regular Session (2025)
Bill Summary
AN ACT Amending section 41-1504, arizona revised statutes; relating to commerce.
AI Summary
This bill amends Section 41-1504 of the Arizona Revised Statutes, focusing on the powers and duties of the state's economic development authority. The key changes include modifying how the authority can establish trade offices in other states and foreign countries, now requiring specific legislative appropriation and mandating an annual report to the joint legislative budget committee about each trade office's activities. The bill maintains the authority's existing broad powers, such as entering into contracts, leasing property, employing staff, and developing strategic economic plans. It continues to require the authority to assess and collect fees, submit annual reports to state leadership, and help entrepreneurs understand permit and licensing requirements. The bill also preserves the requirement that employers must participate in the E-Verify program to qualify for economic development incentives. Additionally, the bill keeps numerous existing exemptions for the authority from various state regulations, including those related to state employment, information technology, and vehicle usage, while maintaining provisions for financial transparency and protection of sensitive business information.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Governor Vetoed (on 06/25/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://apps.azleg.gov/BillStatus/BillOverview/83454 |
Analysis - SENATE FACT SHEET: 06/26/2025 For Third Read As Vetoed | https://apps.azleg.gov/BillStatus/GetDocumentPdf/531242 |
Governor's Letter | https://apps.azleg.gov/BillStatus/GetDocumentPdf/531188 |
Analysis - SENATE FACT SHEET: 06/25/2025 For Third Read As Passed House | https://apps.azleg.gov/BillStatus/GetDocumentPdf/531174 |
BillText | https://www.azleg.gov/legtext/57leg/1r/bills/hb2950h.htm |
BillText | https://www.azleg.gov/legtext/57leg/1r/bills/hb2950p.htm |
Analysis - HOUSE SUMMARY: 06/13/2025 House Engrossed | https://apps.azleg.gov/BillStatus/GetDocumentPdf/530814 |
Analysis - HOUSE SUMMARY: 06/12/2025 Caucus & COW | https://apps.azleg.gov/BillStatus/GetDocumentPdf/530776 |
Analysis - HOUSE SUMMARY: 06/11/2025 Appropriations | https://apps.azleg.gov/BillStatus/GetDocumentPdf/530755 |
Loading...