HB2634 is a bill that proposes to transfer the administration and tax incentive eligibility determination of military reuse zones (MRZs) from the Arizona Commerce Authority (ACA) to the Arizona Department of Revenue (ADOR). The bill includes renumbering relevant sections from Title 41 to Title 42 in the Arizona Revised Statutes and makes technical and conforming changes. The bill also outlines the process for designating MRZs, setting termination dates, and renewing designations, as well as the requirements for taxpayers to qualify for tax incentives within MRZs.

The bill modifies the current law by changing the responsible authority from the ACA to the ADOR for administering MRZs, determining tax incentive eligibility, revoking certifications if required information is not provided, and submitting annual reports evaluating the program's effectiveness. It also includes minor language adjustments, such as changing "ten year" to "ten-year" and "other" to "another" in the definitions. The bill is set to become effective on the general effective date.

Statutes affected:
Introduced Version: 42-1301, 42-1302, 42-1303, 42-5075, 42-12006, 41-1531, 41-1532, 41-1533, 42-15006, 32-1121, 45-604, 41-1514.02, 42-5061, 42-5159, 15-1670, 41-1516, 9-463.05, 11-1102, 49-701, 42-5029, 42-5032.01, 42-5032.02, 3-361, 3-262, 42-5008.01, 42-12002, 42-12003, 42-12004, 41-4001
House Engrossed Version: 42-1301, 42-1302, 42-1303, 42-5075, 42-12006, 41-1531, 41-1532, 41-1533, 42-15006, 32-1121, 45-604, 41-1514.02, 42-5061, 42-5159, 15-1670, 41-1516, 9-463.05, 11-1102, 49-701, 42-5029, 42-5032.01, 42-5032.02, 3-361, 3-262, 42-5008.01, 42-12002, 42-12003, 42-12004, 41-4001
Chaptered Version: 42-1301, 42-1302, 42-1303, 42-5075, 42-12006, 41-1531, 41-1532, 41-1533, 42-15006, 32-1121, 45-604, 41-1514.02, 42-5061, 42-5159, 15-1670, 41-1516, 9-463.05, 11-1102, 49-701, 42-5029, 42-5032.01, 42-5032.02, 3-361, 3-262, 42-5008.01, 42-12002, 42-12003, 42-12004, 41-4001