This bill proposes several updates to the Arizona Revised Statutes, specifically by adding new sections related to the establishment of a community college apprenticeship and workforce development program fund. The fund will be administered by the Office and will consist of revenues collected from a new surcharge imposed on businesses, corporations, and small businesses that employ fifty or more employees. The bill outlines the creation of an application process for community colleges to access these funds for program development and administration, as well as the requirement for the Office to adopt rules and forms for effective management of the fund.

Additionally, the bill introduces a community college apprenticeship and workforce development program surcharge, set at one percent of payroll taxes for qualifying businesses, corporations, and small businesses starting from taxable years after December 31, 2025. It mandates that the Department separately account for the revenues collected from this surcharge and deposit them into the newly established fund. The bill also specifies that it will only take effect upon a two-thirds affirmative vote from both houses of the legislature and the governor's signature or a subsequent three-fourths vote if vetoed.

Statutes affected:
Introduced Version: 41-5304, 43-1015, 43-1112, 43-1712, 15-1401, 42-1116, 43-206, 35-146, 35-147