Within days of the new fiscal year’s commencement on July 1, the Arizona Department of Revenue announced that Arizona businesses had claimed more than $51 million in tax credits for their donations to School Tuition Organizations. The state had reached the legal cap on the tax credits in lightning-fast fashion.Read More »
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The Arizona Legislature wants to help Apple Inc. by extending renewable energy tax credits and exemptions to cover the 1.3-million-square-foot data center it plans to open in the Phoenix suburb of Mesa.Read More »
Sapphire materials maker GT Advanced Technologies, which filed for Chapter 11 bankruptcy reorganization in October, said Thursday that the Securities and Exchange Commission has opened an inquiry into its business.Read More »
Opponents of the targeted tax credits and incentives that have become increasingly popular at the Capitol are hoping the bankruptcy of a company that was slated to receive massive tax breaks under a 2014 bill will make lawmakers think twice in the future.Read More »
Arizona has improved its transparency on government spending but has a lot of work to do when it comes to providing information on tax credits for businesses, an advocacy group reported Tuesday.Read More »
Arizonans without employer-provided health insurance were finally able to shop for policies Tuesday on a federally run website, with nonprofits providing outreach and assistance to potential enrollees trying to navigate the process.Read More »
Tension among Republicans in the Senate this morning nearly boiled over during a caucus meeting regarding legislation to create new tax credits for the film industry. Some oppose the proposal, and at least one Republican tried to keep the bill from advancing to the floor by invoking an informal rule to block the bill’s progress.Read More »
Since the Arizona Commerce Authority officially launched on July 1, it has awarded $17.2 million in incentives to companies moving to or expanding in Arizona. But detailed information is available for less than half of that money.
That’s because $9.3 million has been awarded in the form of tax credits, which are defined in Arizona statute as confidential taxpayer information.
After being in place for four months, the Arizona Commerce Authority Oct. 24 announced its first award from its $25 million deal-closing fund.Read More »
A renewable energy advocate filed the first citizen initiative of the 2012 election, proposing a dramatic expansion of Arizona's tax incentives for solar power and a state-run exchange that would buy and sell special credits for solar power.Read More »