ARIZONA HOUSE OF REPRESENTATIVES

Fifty-sixth Legislature

First Regular Session

House: COM DP 10-0-0-0 | 3rd Read 60-0-0-0

HB 2809: public infrastructure improvements; reimbursement

Sponsor: Representative Carbone, LD 25

House Engrossed

Overview

Modifies the total amount paid to a city, town or county for infrastructure improvements related to manufacturing facilities to the lesser of the tax revenues received from persons conducting business under the Prime Contracting Classification derived from contracts to construct buildings and associated improvements for the benefit of a manufacturing facility or 80% of the total cost of public infrastructure improvements.

History

Current law provides that a city, town or county may be paid up to 80% of the cost of public infrastructure improvements for the benefit of a manufacturing facility and that the funds distributed are from tax revenues received from persons conducting business under the Prime Contracting Classification derived from contracts to construct buildings and associated improvements for the benefit of a manufacturing facility. Additionally, the total amount paid to all cities, towns and counties shall not exceed $100,000,000. (A.R.S. § 42-5032.02)

Provisions

1. Revises the total amount paid to a city, town or county to construct buildings and associated improvements for the benefit of a manufacturing facility is the lesser of the tax revenues received from persons conducting business under the Prime Contracting Classification derived from contracts to construct buildings and associated improvements for the benefit of a manufacturing facility or 80% of the total cost of the public infrastructure improvements. (Sec. 1)

2. Makes technical changes. (Sec. 1)

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6. HB 2809

7. Initials VP/AA Page 0 House Engrossed

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