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3MACE Cash ExpressArizona Assn. for Economic Development American Coalition for Clean Coal ElectricityArizona DiamondbacksAmerican Medical ResponseArizona Petroleum Marketers Association Arizona Physical Therapy AssociationArizona Planning AssociationArizona Western Coal CompanyArizona Wine Growers AssociationB.J. Alan Company
Bulletproof Securities, Inc.CignaCore – Cold PlasmaDream Green, Inc.East Valley Chambers of Commerce AllianceEducational Options, Inc.HDR Engineering, Inc. John C. Lincoln Health NetworkMcLane CompanyPeabody EnergyPhysical Therapist Provider NetworkYuma County
Amanda Rusing, Eric Emmert, Tom Dorn, Heather Wilkey
Republicans – 40 Republicans – 36 Democrats – 20 Democrats – 24
Republican Leadership Republican Leadership
Democrat Leadership Democrat Leadership
Freshmen Freshmen
President Andy BiggsMajority Leader John McComishMajority Whip Adam Driggs
Minority Leader Leah Landrum-TaylorAsst. Min. Leader Linda LopezMinority Whip Anna Tovar
2
Speaker Andy Tobin Speaker Pro Tem J.D. Mesnard Majority Leader David Gowan Majority Whip Rick Gray
Minority Leader Chad Campbell Asst. Min. Leader Ruben Gallego Minority Whip Bruce Wheeler
25
Cash on Hand $697 million
Revenues $8.4 billion
Expenditures $8.8 billion
Balance $304 million
Structural Balance ($446) million HIGHLIGHTSHIGHLIGHTS
- Includes Medicaid expansion with safeguards Est. $130 million- Establishes the School Performance Fund- Includes university parity- Increases K-12 by 3.5%- Increases university and community college by 4.1% and .4%- Includes ACA funding- Includes data center incentives
Source: JLBC
Jobs Package – 2011Establishes the Arizona Commerce Authority High wage employment tax creditNew R&D tax credit Establishes the Arizona Competes FundRecalculates the business personal property tax Business property tax phase downCapital gains tax elimination for business investment Single sales factor corporate income tax Corporate income tax phase down Job Training Fund reform
Corp Tax Allocation; Sales Factor - 2012
Jobs 2.0 - 2012Net Operating Loss Carry Forward Personal Property Tax Re-Indexing Bonus Depreciation Capital Gains Reduction (10% - 25%)Expands Renewable Energy Tax Incentive Premium Tax Credit Cap RemovalJob Training Study Committee
Number of Days 151
Bills Introduced 1158
Bills Signed 282
Bills Vetoed 26
General Effective Date Sept. 13, 2013
HB 2456 – Revenue Allocation Districts•Allows a municipality to establish a RAD
•Allows the RAD to bond against the increase in municipal valuation revenue
•Allows the RAD to bond against the increase in TPT
•Includes taxpayer safeguards
HB 2264 – Job Incentives; Tax Relief Act
• Export oriented manufacturing • Reclassifies commercial property to a Class 1 to a Class 6• Rural and urban capital investment ($2M & $25M)• Rural and urban qualified job creation (125 & 15 FTE)• ACA certification• 10-year program• Taxpayer safeguards• Income tax reduction to offset federal payroll tax increase
HB 2488 HB 2213 SB 1435
BUDGET•Establishes state and municipal retail sales and use tax exemptions•Exemption can be taken over a 10-year period •Sustainable centers can take the exemption over 20-years•ACA administered •Newly constructed data centers - $50,000,000 urban / $25,000,000 rural during a 5-year period •Existing data centers get future equipment purchase exemption if they made an investment of $250,000,000 over the past 6 years•Data centers cannot generate electricity for resale purposes
• Increase AHCCCS from 100% to 133% of FPL
• Assesses hospitals
• Eases the “hidden healthcare tax”
• Includes “circuit breaker”
• Draws down federal funds in a 10:1 match
• Included in the budget
SINGLE PAYMENTPayment through Arizona Dept. of
Revenue (DOR)Prompt payment from State
SINGLE AUDITAudits conducted by DORMunicipalities may do audits DOR lead on multijurisdictional audits
CONTRACTINGPrime contracting – status quoTrades - point of sale