Bill > SB1371

This bill amends Arizona Revised Statutes Section 41-1512 to clarify the definition of a "qualified facility" for the purpose of receiving income tax credits, specifically addressing situations where a facility includes noncontiguous supporting parcels. The key change is the insertion of language that allows for noncontiguous supporting parcels to be considered part of a qualified facility if they are operationally integrated with and materially support manufacturing conducted at a primary parcel, which is defined as the location where over fifty percent of the manufacturing activities occur. This update aims to provide clearer guidelines for businesses seeking tax incentives for expanding or locating manufacturing operations in Arizona, particularly for complex facilities that may utilize multiple, separate land parcels.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/84923