Bill Text: AZ SB1058 | 2011 | Fiftieth Legislature 1st Regular | Introduced

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Bill Title: Accounting tax credit; repeal

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-01-12 - Referred to Senate FIN Committee [SB1058 Detail]

Download: Arizona-2011-SB1058-Introduced.html

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REFERENCE TITLE: accounting tax credit; repeal

 

 

 

State of Arizona

Senate

Fiftieth Legislature

First Regular Session

2011

 

 

SB 1058

 

Introduced by

Senator Sinema

 

 

AN ACT

 

Repealing section 42‑5017, Arizona Revised Statutes; relating to transaction privilege tax credits.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Repeal

Section 42-5017, Arizona Revised Statutes, is repealed.

Sec. 2.  Legislative intent

It is the intent of the legislature that the increase in transaction privilege taxes collected by this state from the repeal of the accounting and reporting expenses tax credit be used to fund organ transplants and other covered health and medical services provided to Arizona health care cost containment system recipients.

Sec. 3.  Requirements for enactment; two-thirds vote

Pursuant to article IX, section 22, Constitution of Arizona, this act is effective only on the affirmative vote of at least two-thirds of the members of each house of the legislature and is effective immediately on the signature of the governor or, if the governor vetoes this act, on the subsequent affirmative vote of at least three-fourths of the members of each house of the legislature.