41-1527. Annual reports; department of
commerce; department of revenue
(Rpld 7/1/11)
A. On or before September 30 of each year the department of commerce shall transmit
a report to the governor, the president of the senate, the speaker of the house of
representatives and the chairpersons of the senate finance committee and the house of
representatives ways and means committee, or their successor committees, and shall
provide a copy of this report to the secretary of state and the director of the Arizona
state library, archives and public records. The report shall contain the following
information:
1. The number, size and location of all enterprise zones established as of the end
of the preceding fiscal year pursuant to this article.
2. The business names, locations, number of employees and amount of compensation
paid to employees qualifying for income tax credits as reported to the department
pursuant to section 41-1525 in each enterprise zone.
3. The amount of capital investment, made during the preceding fiscal year and
cumulatively, in each enterprise zone.
4. The number of minority owned businesses, woman owned businesses and other small
manufacturing businesses certified for property tax incentives pursuant to section
41-1525.01 in the preceding fiscal year and cumulatively, in each enterprise zone, and
for each such business:
(a) The name and location.
(b) The number of employees.
(c) The full cash value of the property qualifying for classification as class six
pursuant to section 42-12006.
B. On or before September 30 of each year the department of revenue shall transmit a
report to the governor, the president of the senate, the speaker of the house of
representatives and the chairpersons of the senate finance committee and the house of
representatives ways and means committee, or their successor committees, and shall
provide a copy of this report to the secretary of state and the director of the Arizona
state library, archives and public records. The report shall contain the following
information:
1. The full cash value and assessed valuation of property classified as class six
pursuant to section 42-12006, paragraph 4 in each enterprise zone and the assessed
valuation of that property if it was not classified as class six.
2. The fiscal impact on each taxing jurisdiction for the current tax year of
classifying property in enterprise zones as class six rather than in the classification
in which it would otherwise be classified.
3. The total amount of income tax credits allowed for the preceding taxable year
pursuant to sections 43-1074 and 43-1161.
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