The bill HB2634 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). This change aims to streamline the management of MRZs, which were established to provide tax incentives to businesses operating on closed military facilities. The bill includes technical and conforming changes, and it renumbers relevant sections of the Arizona Revised Statutes to reflect this transfer.

Under the new provisions, the Governor will still have the authority to designate properties as MRZs, but the designation process will now involve the ADOR instead of the ACA. Additionally, the bill maintains the existing framework for tax incentives, including the requirement for taxpayers to provide information on tax benefits received. The overall intent is to enhance the efficiency of the MRZ program while ensuring that the eligibility and administration processes are clearly defined under the new structure.

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