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Arizona Technology Council Releases Its Annual Public Policy Guide and Announces Top Legislative Priorities for 2018The Arizona Technology Council today released its annual Public Policy Guide to disclose its legislative priorities for 2018. These priorities include funding education, creating and funding a job training program, and making existing economic development programs more accessible to small businesses. The Council is the principal advocate for science- and technology-based companies in Arizona. The organization continuously monitors federal, state and local legislation and policies that impact the sustainability and growth of Arizona's technology industry. The Council also informs and educates policymakers who are important to the state's technology sector. "Our public policy priorities for 2018 revolve around education, job training and small business growth," said Steven G. Zylstra, the Council's president and CEO. "To reach our goal of becoming a nationwide technology hub, we must build our talent from the ground up. As a leader in driving a pro-growth, business-focused state and federal technology agenda, the Council will strongly pursue the resolution of these initiatives crucial to our state's economic wellness." The 2018 Public Policy Guide provides a detailed outline of the Council's advocacy activities, featuring principles and positions to aid elected officials at all levels of government as they craft policies that will affect Arizona's economy for years to come. As technology and innovation-driven companies continue to grow throughout the state, the Council has added a number of new subsectors to the guide this year. Those subsectors include artificial intelligence (AI), commercial space technology, fiancial technology (fintech) and Internet of Things (IoT). The Council's public policy priorities for 2018 include:
The results of the Council's public policy efforts in 2017 were very rewarding for the Arizona technology sector. Among the many achievements, the Council's advocacy helped to pass three crucial pieces of legislation. These achievements include the recapitalization of the Angel Investment Tax Credit program and negotiation of amendments to the Arizona SB1114 to protect Arizona's famed "dark skies." Additionally, the Council helped pass a four-year extension of the 2008 Research and Development Tax Credit expansions, which maintained the current R&D tax credit value at 20 percent to 24 percent for the first $2.5 million in qualifying expenses, and at 15 percent for qualifying expenses in excess of $2.5 million. These rates were set to be reduced in 2018 down to 20 percent for the first $2.5 million in qualifying expenses and to 11 percent for anything in excess of $2.5 million. For questions or to learn more about the Council's public policy activities, please visit www.aztechcouncil.org. About the Arizona Technology Council The Arizona Technology Council is Arizona's premier trade association for science and technology companies. Recognized as having a diverse professional business community, Council members work towards furthering the advancement of technology in Arizona through leadership, education, legislation and social action. The Arizona Technology Council offers numerous events, educational forums and business conferences that bring together leaders, visionaries and community members to make an impact on the technology industry. These interactions contribute to the Council's culture of growing member businesses and transforming technology in Arizona. To become a member or to learn more about the Arizona Technology Council, please visit www.aztechcouncil.org.
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