Bill Number: H.B. 2649
Livingston
Floor Amendment
Reference
to: FINANCE Committee amendment
Amendment
drafted by: Leg Council
FLOOR
AMENDMENT EXPLANATION
1. Includes investments
made by a third-party entity in the information required to be included in the
application to the Arizona Commerce Authority by the owner or operator of an
international operations center (IOC).
2. Modifies the definitions of affiliated
entity and renewable energy resource.
3. Delays, from September 13, 2013, to
August 25, 2020, the retroactive date for the requirements relating to the
Credit for Renewable Energy Investment and Production for Self-Consumption by
IOCs.
4. Makes technical and conforming changes.
Page 1, line
23, after "entity" insert ",
including investments made by a third-party entity on behalf of and for
the benefit of the owner, operator or affiliated entity,"
Page 2, line
3, after "power" insert "generated"
Line
29, strike the first "or" insert a comma; after
"operator" insert "or
affiliated entity"
Page 5, line
20, strike "was" insert "were"
Line
25, strike "INCLUDES" insert "means any of the following:
(a) an
entity that is included in the same Arizona income tax return as the owner or
operator of the international operations center.
(b)"
Line 27,
strike "and" insert ".
(c)";
after "entity" insert ", including
a single-member limited liability company,"
Page 6, line
29, after "section" insert a period strike
remainder of line
Line 31,
after "entity" insert ", or
a third-party entity on behalf of and for the benefit of the taxpayer,"
Page 7,
between lines 9 and 10, insert:
"(e) Battery storage that is
independent from or coupled with other sources."
Page
7, between lines 15 and 16, insert:
"Page
84, line 32, strike "This act applies" insert:
"A. Sections
41-1519, 42-5075, 42-5159 and 42-6017, Arizona Revised
Statutes, as amended by this act, and section 42-5061, as amended by Laws
2019, chapter 273, section 7 and chapter 288, section 1 and this act,
apply"
Between
lines 33 and 34, insert:
"B. Sections
41-1520 and 43-1164.05, Arizona Revised Statutes, as amended by
this act, apply retroactively to from and after August 24, 2020."
Line 38,
after "enactment" insert "; retroactivity"
Line 41,
after "5" insert "and applies retroactively to taxable periods
beginning from and after September 12, 2013""
Amend title to conform