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Bill > HB2950


AZ HB2950

AZ HB2950
Commerce; 2025-2026


summary

Introduced
06/11/2025
In Committee
06/13/2025
Crossed Over
06/16/2025
Passed
06/25/2025
Dead
Vetoed
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)

bill text


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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
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