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Commerce Authority backs off controversial ‘stipends’ (access required)

The Arizona Commerce Authority announced late Friday afternoon that it will not be awarding the $5,000 stipends it had earlier promised to15 companies eliminated from a competitive grant program.

The Goldwater Institute’s Clint Bolick sent a letter to the ACA earlier this month, warning that the awards for unsuccessful semifinalists in the agency’s Innovation Challenge could be a violation of a constitutional provision banning government gifts to private companies, unless the money creates a tangible public benefit.

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Arizona ballot measure set business equipment tax (access required)

Arizona voters will decide in November whether to give businesses a break on property tax paid on newly acquired business equipment. Unanimously House approval of a resolution on Monday completes legislative action on the general election referendum on the proposed state constitutional amendment.

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