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Administrative bloat? Republican lawmaker sets sights on school tax credit organizations
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.
Arizona House OKs credits, exemptions for Apple data center
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.
Failed Apple Mesa plant operator GT says SEC investigating its business
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.
Tax credit foes urge caution after Apple factory bankruptcy
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.
Advocacy group gives Arizona B at providing spending transparency
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.
Arizonans without insurance can now sign up online
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.
Sens. Gould, Nelson spar over advancing new tax credits for film industry
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.
Critics say ACA tax credits to businesses should be fully disclosed
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.
ACA to award deal-closing cash for Tempe company’s expansion
After being in place for four months, the Arizona Commerce Authority Oct. 24 announced its first award from its $25 million deal-closing fund.
Solar advocate files first ballot measure of ’12 cycle
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.
Democrats’ tax-credit legislation makes Republicans squirm
Grossly outnumbered, Democrats in the Arizona House have discovered a way to place the Republican majority in an uncomfortable position on tax legislation.
Panel recommends extending tax credits for working poor
Despite "no" votes by Sen. Ron Gould and Rep.-elect Jack Harper, a panel of lawmakers recommended extending tax credits that benefit the working poor and charities.
