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News & Press: LEGISLATIVE UPDATE

2015 Arizona Legislative Session

Monday, June 22, 2015   (0 Comments)
Posted by: Bridgette Blair
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The Arizona Legislature gaveled to a close in the early morning hours on April 3rd marking the end of one of the shortest legislative sessions in state history. It also marked the end of Governor Doug Ducey’s first legislative session as the Chief Executive Officer of State Government.

 

Most of the tax and economic development issues this legislative session were predetermined by the state budget. As 2014 transitioned into 2015, state revenues were not meeting projections. Accordingly, Governor Ducey and legislative leaders crafted a budget that restricted the State to “live within its means.”

 

Throughout the budget discussions, the business and economic development communities asked to retain what attraction and expansion incentives were created in the 2011 and 2012 jobs packages. The legislature and Governor listened. Corporate tax reductions, business property tax reductions, tax credits remained in place.

 

One economic development budget issue that exposed a rift in the business community is the job training tax. Many small business in Arizona feel they pay into the job training fund and the larger manufacturing businesses utilize the program. This year, the legislature made a policy decision to eliminate the program and the tax on small and large businesses. While small businesses cheered the tax elimination, some economic development practitioners criticized the elimination of the program.

 

Other bills of interest that were lobbied on behalf of the AAED membership include:

 

HB 2591 – Securities Registration; Exemption; Website Operations

Changes Arizona securities statutes to allow for crowd funding.

 

HB 2661 – Multi-County Water Districts; Storage Tax

Continues the property tax in Maricopa, Pinal and Pima counties to fund Central Arizona Project infrastructure needs.

 

HB 2670 / SB 1468 – International Operations Centers

Allows international operations centers to apply for utility relief.

 

SB 1030 – Microbreweries; Multiple Licenses; Production; Sales

Increases the production cap for craft brewers.

 

Should you have questions about these or any other bills considered by the Arizona Legislature, please contact AAED lobbyists Tom Dorn, Eric Emmert or Amanda Rusing at (602) 606-4667.