In recent years, the AMC has been instrumental in achieving key legislative victories for the manufacturing community. Here are just a few:
- 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.
Please turn to pages 8-12 of the Arizona Chamber’s 2017 Business Agenda here for a complete list of the Arizona Manufacturers Councils’ 2017 agenda, including state and federal issues.