commerce authority; qualified facility; definition

SB 1371 creates a new income tax credit program in Arizona for businesses expanding or locating "qualified facilities" (like manufacturing plants) within the state. To qualify, businesses must make new capital investments, create jobs paying at least 125% of the median wage (100% in rural areas), and provide health insurance covering 65% of premiums. The credit equals 10% of qualifying investments, paid as $200,000-$300,000 per new job over five years, with annual limits of $125 million total and $30 million per business. This directly affects qualifying businesses seeking tax incentives for facility investments and job creation in Arizona.