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2019 Arizona Revised Statutes
Title 43 - Taxation of Income
§ 43-409 Job creation withholdings clearing account
Universal Citation: AZ Rev Stat § 43-409 (2019)
43-409. Job creation withholdings clearing account
A. The job creation withholdings clearing account is established consisting of the sum of $21, 500, 000 in fiscal year 2018-2019 and $15, 500, 000 in each fiscal year after fiscal year 2018-2019.
B. On the twentieth day of each month, the state treasurer shall credit the following amounts from the clearing account:
1. To the Arizona commerce authority fund established by section 41-1506, one-twelfth of the annual sum of $10, 000, 000 in each fiscal year.
2. To the Arizona competes fund established by section 41-1545.01, one-twelfth of the annual sum of $11, 500, 000 in fiscal year 2018-2019 and $5, 500, 000 in each fiscal year after fiscal year 2018-2019.
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