Bill Text: AZ SB1004 | 2011 | Fiftieth Legislature 1st Special | Introduced
Bill Title: Accounting tax credit; repeal
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-01-20 - Referred to Senate FIN Committee [SB1004 Detail]
Download: Arizona-2011-SB1004-Introduced.html
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REFERENCE TITLE: accounting tax credit; repeal |
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State of Arizona Senate Fiftieth Legislature First Special Session 2011
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SB 1004 |
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Introduced by Senator Sinema
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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Section 42-5017, Arizona Revised Statutes, is repealed.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.
