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Committee advances tax‑credit change to encourage rural investment; Lucid Motors testifies in support
Summary
HB 29‑39 increases qualified facility tax credit amounts tied to net new full‑time positions for rural projects; Lucid Motors’ representative said the change would help attract advanced manufacturing to rural Arizona. The committee passed the bill unanimously.
The sponsor described House Bill 29‑39 as a measure to strengthen Arizona’s business investment climate by raising the qualified facility tax credit amount that a taxpayer can claim based on qualifying investments and projected net new full‑time positions in rural locations. The sponsor emphasized the bill’s rural focus and job creation aims.
Mike Crews, senior manager for state public policy at Lucid Motors, told the committee Lucid’s rural Arizona investment demonstrates the potential for advanced manufacturing outside metro areas and urged support for policies that provide predictability and competitiveness for future projects. “I respectfully urge you to support House Bill 29 39 and put Rural Arizona first,” Crews said.
With limited public testimony signed in, the vice chair moved the bill and the committee recorded seven ayes; the measure was passed out of committee.
