AZ Chamber Believes Recently Passed Bills Will Improve State’s Economic Competitiveness
By Staff Reporter |
A series of new laws taking effect are anticipated to raise Arizona’s economic competitiveness.
The Arizona Chamber of Commerce & Industry (Arizona Chamber) highlighted six new laws as giving the state a beneficial boost in economic performance against other states.
These laws aim to make it feasible for international headquarters to build on-site workforce housing and support services (Senate Bill 1543), permit utilities to refinance infrastructure investments through securitization (House Bill 2679), allow Chase Field renovations without increasing taxes (House Bill 2704), make it feasible for advanced air mobility systems such as drone deliveries and air taxis (Senate Bill 1307), require utilities and public power entities to implement wildfire mitigation plans (House Bill 2201), and bars foreign entities from funding lawsuits while limiting outside funding to third-party litigation (Senate Bill 1215).
Dozens of states are working together to create a uniform approach to allowing advanced air mobility, along with the Federal Aviation Administration. Over 30 states are members of the Advanced Air Mobility Multistate Collaborative (AAMMC), formed in 2023 with eight to 10 member states. Arizona is member to the organization leading AAMMC, the National Association of State Aviation Officials.
In addition to raising awareness of the new laws it backs, the Arizona Chamber also releases public reports of failed bills it believed would harm the state’s economy. The chamber announced their 2025 report is forthcoming.
Arizona Chamber President and CEO Danny Seiden stated that the six featured laws would retain corporate interest in the state by implementing necessary reforms and new pathways to growth.
“As these laws take effect, Arizona employers can count on policies that reflect their priorities,” said Seiden. “From keeping vital economic drivers in Arizona, to passing commonsense energy reforms that will deliver long-term stability and affordability, to supporting global companies, these are the kinds of policies that keep Arizona competitive and attractive for investment.”
The legislature also passed other laws anticipated to boost the economy, some of which Governor Katie Hobbs also approved from the Republican-controlled legislature despite a historic veto record (nearly 200 bills this year, compared to her previous historic record of over 140 in 2023).
One such law promises to further protect Arizona from regulatory capture by monopoly-controlled utilities (House Bill 2518). The legislation prohibits Arizona Corporation Commission (ACC) members from accepting employment with the utilities under their regulation. Not all ACC members were pleased with the legislation, namely ACC Chairman Kevin Thompson.
Chair Thompson was the subject of an ethics claim filed by the Energy Policy Institute earlier this year, as first reported by the Arizona Republic. The institute alleged a conflict of interest regarding the relationship between Thompson’s consulting firm and utilities.
Another law will ensure construction crews may work in the early morning hours in the summers by prohibiting municipalities and counties from enacting or enforcing noise ordinances, rules, or regulations prohibiting general construction activities during certain summertime hours (Senate Bill 1182).
And another law requires municipalities to give affected businesses at least 60 days’ notice before voting on tax increases (House Bill 2119).
The legislature also chose to sunset the Low Income Housing Tax Credit program rather than renew. Critics of the program blame lax policies and procedures for the Department of Housing’s loss of around $2 million to a wire fraud scam in 2023.
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