For a comprehensive look at the Arizona Manufacturers Councils’ federal and state policy priorities for the current year, please reference the Arizona Chamber’s 2019 Business Agenda (pages 7-11).
Throughout the years, the AMC has been instrumental in achieving key legislative victories for the manufacturing community. Here are just a few:
- Defeated Prop. 207: Small Business Tax Hike Initiative that aimed to raise income taxes on all Arizonans, with small businesses disproportionately affected. Negative provisions included:
- Unfairly taxing some small business at nearly twice the rate of corporations.
- Higher taxes for all Arizonans due to the elimination of bracket inflation indexing.
- Arizona would have become the 5th highest taxed state in the nation for small businesses, up from the 38th highest.
- HB 2154: Data Security, established business-friendly protocols for businesses responding to customer data breaches.
- HB 2167: Arizona Commerce Authority Reauthorization, renewed the ACA, the state’s economic development arm, for another six years.
- HB 2434: Regulatory Fintech Sandbox, made Arizona the first state in the nation to enable temporary, real-market testing of innovative financial products, services, business models and delivery mechanisms without incurring regulatory costs and burdens that may otherwise be imposed.
- SB 1416 in 2017 updates Quality Jobs and Quality Facilities tax credits; extends R&D credit; accelerates depreciation under certain conditions; and protects private sector investment in modernized public infrastructure.
- SB 1413 in 2014 ensures that manufacturers will no longer pay sales tax on electricity or natural gas consumption, bringing Arizona into alignment with most states around the country;
- HB 1442 in 2012 encourages world-class manufacturing projects by allowing the government to share in the financing of necessary infrastructure for large, high-dollar projects that create a sudden and significant need for public infrastructure; and
- HB 2815 in 2012 removes the cap on income-tax credits available to companies that create qualifying new jobs in the manufacturing or export-related industries, and expands to other manufacturers a tax credit once only available to the renewable energy industry. It also reduces the capital gains tax by 25% and extends the net operating loss carry forward from 5 years to 20 years.