Renewable Energy/Investment Tax Credit: Arizona Court of Appeals Addresses Valuation Issue

Download PDF [co-author: Christian Parker] The Court of Appeals in Arizona (“Court”) in a May 14th Opinion addressed a tax issue involving renewable energy requirements. See Agua Caliente Solar, LLC v. Arizona Dept. of Revenue. No. CA-TX22-0007. The question addressed whether a claimed investment tax credit deferred as a tax asset has “value” for purposes…

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New Arizona law overrides local zoning to spur multifamily projects

New housing legislation in Arizona would allow developers to bypass local zoning to build duplexes, triplexes, fourplexes and townhomes near downtowns.Gov. Katie Hobbs signed two bipartisan bills that would allow multifamily developments without zoning battles, as well as more backyard granny flats, AZCentral reported.House Bill 2721, dubbed the “middle housing bill,” requires cities with more…

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