Bill > HB4026

This bill amends existing Arizona law regarding the distribution of transaction privilege tax revenues for public infrastructure improvements benefiting manufacturing facilities, specifically by reducing the annual cap on payments from $200,000,000 to $75,000,000 each fiscal year. The bill also clarifies that if eligible payments exceed the annual cap, the excess will be retained and paid out in the following fiscal year, and that payments will be made in the order expenses are submitted for reimbursement. Additionally, it requires manufacturing facilities to provide an analysis of anticipated state revenues to the Arizona Commerce Authority and mandates that development and intergovernmental agreements related to these infrastructure improvements be posted on the department's website. The bill also expands the definition of "public infrastructure" to include reclamation and recycling for wastewater facilities.

Business and Industry

https://apps.azleg.gov/BillStatus/BillOverview/85538