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Senate President willing to consider cap on school tax credits
The architect of an ever-increasing siphoning off of state tax revenues to help send students to private and parochial schools said Thursday he's now willing to consider a cap -- now that the diversion has topped $74 million a year.
Angel Investment Tax Credit: Too much of a good thing isn’t nearly enough
Although there’s debate over whether one can truly indulge in “too much of a good thing,” the stats revealing the undeniable success of Arizona’s Angel Investment Tax Credit show that investors and Arizona start-up companies haven’t had nearly enough of this pro-business, economy boosting program.
Arizona panel OKs tax credit for concealed carry permit
Arizona residents are one step closer to getting a tax credit for attending a firearms safety class after Republican lawmakers passed a measure offering a dollar-for-dollar credit for concealed-carry permit holders Monday.
Ducey signs bill to give tax credits to Apple
Governor Doug Ducey has signed a bill granting Apple renewable tax credits and tax exemptions for the $2 billion data center it plans to open in Mesa.
Lawmakers consider a more deliberate approach to solving latest budget crisis
With hardly time to pause, policymakers lunged from one budget solution to another at the height of the recent fiscal crisis, spawning a chaotic period of accounting gimmicks, borrowing and budget slashing.
Saving a railway
The Arizona Commerce Authority’s deal-closing fund became more of a deal-making fund during the 2013 legislative session, opening the possibility that more special projects could be in the agency’s future.
Panel recommends tax credit continuation
A panel of representatives and senators yesterday recommended the continuation of a dollar-for-dollar tax credit program for contributions to groups that provide scholarships to students in private and parochial schools.
Arizona Commerce Authority transparency criticized by PIRG
The Arizona Public Interest Research Group yesterday released a report critiquing the Arizona Commerce Authority’s transparency practices, calling on the agency to make more information about subsidy programs available online and to fight for legislative change in areas where the ACA is prohibited by law from disclosing information.
Last-minute amendments make big changes to tax bill
The last bill that the Legislature approved before adjourning for the year underwent major changes in the waning hours of the session that could be worth as much as $30 million in tax credits to some companies.
No more tax credits for Hollywood
It’s like a bad re-run. A few legislators are trying to revive Arizona’s film production tax credit (SB 1170) that lapsed in 2011.
Time for a break? Some economists want Arizona to slow down on new incentives
Since the recession battered the economy in 2008, the state has dramatically increased the number of incentives it offers to companies that bring new jobs to Arizona. But after three years of tax credits, incentives and other policies aimed at jump-starting Arizona’s economy, some economists are saying the state should stop and take a breather.
Bill seeks state backing for business loans
Proponents of a bill that would use state tax credits to encourage lenders to open their wallets for small businesses say they can help struggling entrepreneurs get access to much needed capital without invoking the most dreaded phrase in the debate over government incentives — “picking winners and losers.”
