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Amazon-inspired bill to halt company tax incentives appears dead

Posted by   /  March 11, 2019  /  No Comments

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By Carmen Forman | Arizona Capitol Times

Arizona lawmakers punted on the chance to address legislation aimed at preventing another bidding war like the one Amazon created among states when it sought a location for its second headquarters.

The Legislature did not take up a bill by Sen. Juan Mendez, D-Tempe, that was part of a multi-state effort to ban company-specific tax subsidies.

The Tempe Democrat’s SB 1322 mirrored legislation introduced in New York and Illinois that would have Arizona join a multi-state compact to abolish company-specific tax incentives.

In theory, the legislation would prevent the states in the compact from competing against one another by offering tax subsidies to lure companies to their state.

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