Budget and Tax


HB2081 - Income tax; subtraction; tipped wages
Sponsor: Rep. Gail Griffin (R)
Summary: Allows compensation received as tips during the taxable year that are reported to the employer in compliance with Arizona and federal law to be deducted from Arizona income tax, to the extent they are not already deducted or part of a deduction, starting on January 1, 2025.
Comment:
Staff 2
  01/15/2025 11:01 AM

1/14 Added to BT tracking

Last Action:
01/30/2025 
H - DPA - House Committee of the Whole
HB2118 - TPT; sourcing; business location; receipt
Sponsor: Rep. Neal Carter (R)
Summary: An order in transactions involving tangible personal property and shared vehicles is considered "received" at a business location (defined) of the seller when all necessary order information is received, regardless of where the order is approved or the purchaser’s location; excludes the location of servers transmitting order information from determining where the order is received. The changes apply to taxable periods starting the month after the act’s effective date.
Comment:
Staff 2
  01/15/2025 11:04 AM

1/13 Added to BT tracking

Last Action:
02/04/2025 
H - House Minority Caucus - Y
HB2119 - Model city tax code; notice
Sponsor: Rep. Neal Carter (R)
Summary: Requires a municipality that proposes an ordinance to adopt or repeal a model or local option in the model city tax code to notify all businesses in the affected business classification via mail at least 60 days before the date the ordinance is approved or rejected by the governing body of the municipality. Excludes ordinances that impose a use tax or a model or local option to exempt a city or town from a use tax, or a two-tiered tax rate structure for retail sales.
Comment:
Staff 2
  01/15/2025 11:04 AM

1/14 Added to BT tracking

Staff 2
  01/22/2025 3:12 PM

1/22 BT recommends supporting

Staff 2
  01/27/2025 2:06 PM

1/24 PA approved supporting

Last Action:
01/30/2025 
H - Hearing Scheduled - 02/05/2025, 10:00 AM - House WM, HHR 3
HB2136 - Industrial development bonds; preapproval; threshold
Sponsor: Rep. Selina Bliss (R)
Summary: Lowers the threshold from seven to three percent of the total statewide population of a county or municipality in order for corporations to issue bonds.
Comment:
Staff 2
  01/15/2025 11:03 AM

1/14 Added to BT tracking

Last Action:
01/22/2025 
H - House 2nd Read
HB2345 - Loan agreements; escrow
Sponsor: Rep. Laurin Hendrix (R)
Summary: Restricts an escrow agent from using monies in an escrow account to making a onetime payment or multiple payments pursuant to the loan agreement, unless the loan agreement specifically states that monies may be used for another purpose, a deed in lieu of foreclosure agreement specifically states the monies may be used for another purpose and that purpose is stated in the deed in lieu of foreclosure agreement, an agreement is entered into by the parties to negotiate a settlement of the loan and that agreement includes a provision for the use of the monies, or an agreement is entered into by the parties that provides for a portion of the escrow account to be used to bring an account that is in arrears to current status.
Comment:
Staff 2
  01/20/2025 9:48 AM

1/16 Added to BT tracking

Last Action:
02/04/2025 
H - DP   - House Commerce
HB2389 - Business personal property; exemption.
Sponsor: Rep. Neal Carter (R)
Summary: Stipulates that if an adjacent school district is a common school district that is not within the boundaries of a union High School district the unorganized territory shall join the common school district. Removes the requirement that the Arizona Department of Revenue (ADR) submit proposed guidelines, tables, and manuals that are developed, amended, or otherwise modified, to the Joint Legislative Oversight Committee on Property Tax Assessment and Appeals for review before publishing them. Repeals several measures that apply to taxation, property assessments, tax classification, exemptions, percentages, and tax rates. Makes this legislation applicable to tax years from and after December 31, 2025. (More.)
Comment:
Staff 2
  01/20/2025 9:46 AM

1/16 Added to BT tracking

Last Action:
01/27/2025 
H - House 2nd Read
HB2421 - Corporate income tax rate; reduction
Sponsor: Rep. Alexander Kolodin (R)
Summary: Sets the percent of taxable net income to 4.9 from January 1, 2017 through December 31, 2025. Sets the percent of taxable net income starting January 1, 2026 at 2%.
Comment:
Staff 2
  01/20/2025 9:41 AM

1/17 Added to BT tracking

Last Action:
01/28/2025 
H - House 2nd Read
HB2422 - Income tax; deduction; tuition; loans
Sponsor: Rep. Alexander Kolodin (R)
Summary: Permits a taxpayer, when computing taxable income, to deduct the amount paid by that taxpayer during the taxable year for tuition to a public, nonprofit or private college, university, Community College or other postsecondary educational institution, or for student loan repayment. Establishes that this deduction applies to all taxable years starting January 1, 2025.
Comment:
Staff 2
  01/20/2025 9:40 AM

1/17 Added to BT & EW tracking

Last Action:
01/28/2025 
H - House 2nd Read
HB2457 - Fire districts; formation; county supervisors
Sponsor: Rep. David Marshall, Sr. (R)
Summary: Details how, until December 31, 2027, a county with a population of less than 500,000 persons can create a fire district, including outlining how a written request must be formatted, The Board of Supervisors consideration process, including receiving testimony from the public, modifying district boundaries to ensure that no one property in the prosed boundaries of the district will be required to contribute more than 2 1.2% of the total funding proposed,  and how the issue should be submitted to a vote of qualified electors within the proposed boundaries of the district. Requires that any election comply with general election laws and if approved by 65% of the votes cast at the formation election, requires the Board of Supervisors to declare the fire district formed and to name three persons who are residents of the fire district to serve on the fire district organizing Board of Directors until Fire District Board Members are elected as provided by law. Requires the Board of Supervisors after declaring the fire district formed to transmit to the County Assessor a certified copy of the description of the boundaries of the new fire district. Stipulates that a fire district formed under this bill possesses all the powers and duties of an existing fire district. Prohibits fire districts from being formed via this process after December 31, 2027.
Comment:
Staff 2
  01/22/2025 3:19 PM

1/22 Added to BT tracking

Last Action:
02/04/2025 
H - Hearing Scheduled - 02/10/2025, 2:00 PM - House PSLE, HHR 1
HB2515 - Truth in taxation; bonds; notices
Sponsor: Rep. Justin Olson (R)
Summary: Requires if an election is held to change the purpose or list of capital projects authorized by prior voter approval to issue bonds pursuant to this legislation, or to extend the time to issue bonds pursuant to this legislation, the County School Superintendent to prepare an informational pamphlet that mentions The tax rate associated with each of the proposed capital improvements and the estimated cost of each capital improvement for the owner of a single family home that is valued at $400,000. Provides verbiage that must accompany any public notices. (More.)
Comment:
Staff 2
  01/20/2025 9:37 AM

1/17 Added to BT tracking

Staff 2
  01/22/2025 3:12 PM

1/22 BT recommends supporting

Staff 2
  01/27/2025 2:06 PM

1/24 PA approved supporting

Last Action:
02/04/2025 
H - House Minority Caucus - Y
HB2592 - Taxation; repeal; selected exemptions
Sponsor: Rep. Quantá Crews (D)
Summary: Eliminates various exemptions from taxation, including the exemptions from the retail classification of transaction privilege taxes for sales of warranty or service contracts and sales of stocks and bonds. For tax years beginning with 2024, the income tax rate for corporations is increased to 5.5 percent, from 4.9 percent. Due to a potential increase in state revenue, this legislation requires the affirmative vote of at least 2/3 of the members of each house of the Legislature for passage, and becomes effective on signature of the Governor.
Comment:
Staff 2
  01/20/2025 9:26 AM

1/17 Added to BT tracking

Last Action:
01/28/2025 
H - House 2nd Read
HB2601 - Income tax; exemption; minors
Sponsor: Rep. Nick Kupper (R)
Summary: Stipulates that no amount shall be deducted or retained from the 1st $50,000 of wages paid to an employee who was under 18 years of age. Exempts an individual under the age of 18 whose gross income is $50,000 or less from paying an income tax, pursuant to state law, Regardless of the source or nature of the income. Requires the Arizona Department of Revenue (ADR) to develop a process for verifying eligibility for the exemption pursuant to this legislation. The effective date our taxable years beginning January 1, 2025.
Comment:
Staff 2
  01/20/2025 9:23 AM

1/17 Added to BT tracking

Last Action:
01/27/2025 
H - House 2nd Read
HB2650 - Social credit; use; prohibition
Sponsor: Rep. Steve B. Montenegro (R)
Summary: Prohibits the state from requiring a Bank or financial institution from using a social credit score to determine credit or loan worthiness.
Comment:
Staff 2
  01/20/2025 9:21 AM

1/17 Added to BT tracking

Last Action:
01/16/2025 
H - Introduced
HB2660 - Affordable housing tax credits; extension
Sponsor: Rep. Justin Wilmeth (R)
Summary: Allows tax credits to a taxpayer for qualified projects, and qualified affordable housing projects, in the amount that the Arizona Department of Revenue (ADR) determines, pursuant to affordable housing tax credit requirements. Requires the ADR allocate $4,000,000 in tax credits for the calendar years of 2002 through 2025, and $10,000,000 in tax credits for the years 2026 through 2030 and stipulates that a credit claimed in 2026 may not be claimed until the federal FY beginning October 1, 2022. Extends selected ARS repeal dates to December 31, 2030 from December 31, 2025.
Comment:
Staff 2
  01/20/2025 9:21 AM

1/17 Added to EW & BT tracking

Staff 2
  01/22/2025 3:13 PM

1/22 BT recommends supporting

Staff 2
  01/27/2025 2:10 PM

1/27 EW recommends supporting

Staff 2
  01/27/2025 2:10 PM

1/24 PA approved supporting

Last Action:
01/17/2025 
H - Introduced
HB2688 - Internal revenue code; conformity.
Sponsor: Rep. Justin Olson (R)
Comment:
Staff 2
  01/28/2025 10:48 AM

1/28 Added to BT tracking

Last Action:
01/30/2025 
H - Hearing Scheduled - 02/05/2025, 10:00 AM - House WM, HHR 3
HB2704 - Tax; distribution; county stadium district
Sponsor: Rep. Jeff Weninger (R)
Summary: Requires the Arizona State Treasurer, beginning July 1, 2026, to transmit to the County Stadium District any monies received pursuant to this legislation and to deposit those funds in the County Stadium District Fund. Defines the amounts to be transmitted and the origin of the tax amounts based on state tax amount calculations. Requires, after September 30, 2025, that the Arizona Department of Revenue (ADR) separately account for revenues under various category and tax classifications that are attributable to a Major League Baseball (MLB) Franchise facility owned and operated by a county stadium district, pursuant to state law. Defines what taxes are to be earmarked for the County Stadium District Fund, how those taxes are to be derived, and classified, and how taxation amounts are to be calculated, starting on October 1, 2025. Requires professional sports franchises to relinquish tax information for each resident and non resident employee who rendered services in Arizona for the calendar year, and outlines penalties for noncompliance. Stipulates what funds are to be used to reconstruct, repair, equip, maintain or improve an MLB facility owned and operated by a county district. (More.)
Comment:
Staff 2
  01/31/2025 6:06 PM

1/31 Added to BT & PA tracking

Last Action:
02/04/2025 
H - DPA   - House Commerce
HCR2003 - Expenditure limit; school districts; authorization
Sponsor: Rep. Matt Gress (R)
Summary: Authorizes upon the approval of at least 2/3 of the membership of each House of the Arizona legislature that in FY 2005-2026, school districts may spend local revenues in excess of the expenditure limitation prescribed pursuant to Article 9, section 21, constitution of Arizona.
Comment:
Staff 2
  01/10/2025 3:26 PM

1/9 Added to BT & EW tracking

Staff 2
  01/22/2025 3:14 PM

1/22 BT recommends supporting

Staff 2
  01/27/2025 2:10 PM

1/27 EW recommends supporting

Staff 2
  01/27/2025 2:10 PM

1/24 PA approved supporting

Last Action:
01/21/2025 
H - House 2nd Read
HCR2012 - Income tax; rate; reduction
Sponsor: Rep. Alexander Kolodin (R)
Summary: The 2026 general election ballot is to carry the question of whether to amend Arizona State Statutes to require each public school in Arizona to ensure that all English language learners are given the resources needed to master the English language. Provides that the parent or legal guardian of any student in Arizona has legal standing to sue for the enforcement of this legislation, and, if successful, shall be awarded normal and customary attorney fees and actual and compensatory damages, but not punitive or consequential damages. Adds evidence-based models of structured English immersion to be part of the overall Arizona Board of Education approach to teaching students English. Permits school districts and charter schools to establish dual language immersion programs for native and non-native English speakers. Requires public schools to provide students with effective and appropriate instructional methods to establish English language acquisition programs, and those schools to solicit community and stakeholder input on both the methods and programs. Requires the Legislative Council Staff to prepare proposed legislation conforming the Arizona Revised Statutes to the provisions of this act for consideration in the 57th legislature, first regular session.
Comment:
Staff 2
  01/21/2025 8:31 AM

1/20 Added to BT tracking

Last Action:
01/22/2025 
H - House 2nd Read
HCR2021 - Food; municipal tax; exemption
Sponsor: Rep. Leo Biasiucci (R)
Comment:
Staff 2
  01/21/2025 8:31 AM

1/20 Added to BT tracking

Last Action:
01/28/2025 
H - House 2nd Read
SB1050 - GPLET; notice; abatement period
Sponsor: Sen. Venden "Vince" Leach (R)
Summary: Includes property on which the tax is under abatement of tax for government property improvements in a single central business district when determining how the qualifying tax rate should be applied as part of the formula for determining equalization assistance for education. Requires a government lessor to include the lease in a public database on the website of the applicable county, city or town within 30 days of entering into a lease for the occupancy of a government property improvement. Defines the information that must be included in the government lessor’s public database and on any official submissions to the County Treasurer. Requires that by February 15th of each year, the county treasurer will submit a report to the Arizona Department of Revenue (ADOR) and Requires ADOR to post the report on its website within 30 days of receipt. Defines notice requirements for a government lessor. Modifies the time. In which a city or town may abate the tax provided for under this legislation from eight to four years after the certificate of occupancy is issued on a government property improvement that is constructed either before or after July 20, 1996. Defines criteria for approving a lease between a prime lessee and a government lessor for which the tax is abated pursuant to state law, but that does not meet all the criteria for Arizona tax rate laws and schedules. Stipulates that this act applies to agreements entered into starting on January 1, 2026. (More.)
Comment:
Staff 2
  01/15/2025 11:01 AM

1/14 Added to BT tracking

Staff 2
  01/22/2025 3:15 PM

1/22 BT recommends opposing

Staff 2
  01/27/2025 2:11 PM

1/24 PA approved opposition

Last Action:
02/03/2025 
S - DPA   - Senate Finance
SB1067 - Community college districts; tax rate
Sponsor: Sen. Mark Finchem (R)
Summary: Defines the process of putting a property tax rate increase before voters and the verbiage that must be on a general election ballot.
Comment:
Staff 2
  01/15/2025 11:00 AM

1/14 Added to BT & EW tracking

Staff 2
  01/27/2025 3:16 PM

1/27 EW recommends opposing

Last Action:
01/16/2025 
S - Senate 2nd Read
SB1069 - Personal property exemption; increase
Sponsor: Sen. J.D. Mesnard (R)
Summary: Increases the exemption for property taxes for property used for agricultural purposes or Class 1 personal property that is used in a trade or business, per state law, to $500,000. Effective date is January 1, 2026. 
Comment:
Staff 2
  01/15/2025 11:04 AM

1/14 Added to BT tracking

Staff 2
  01/22/2025 3:16 PM

1/22 BT recommend supporting

Staff 2
  01/27/2025 2:11 PM

1/24 PA approved supporting

Last Action:
02/04/2025 
S - Senate Minority Caucus - Y
SB1080 - Tax credit review committee; standard
Sponsor: Sen. Janae Shamp (R)
Summary: Requires the joint legislative income tax credit review committee to include the estimated revenue impact of a tax credit, and whether adequate protections are in place to ensure the impact of the credit in future years does not substantially increase beyond the estimated revenue impact of the credit as criteria to determine the tax credit’s success or failure.
Comment:
Staff 2
  01/21/2025 8:27 AM

1/20 Added to BT tracking

Last Action:
02/03/2025 
S - HELD - Senate Finance
SB1094 - Business; discrimination prohibition; social criteria
Sponsor: Sen. Jake Hoffman (R)
Summary: Prohibits financial institutions, insurers and credit reporting agencies from discriminating based on political affiliation, any social credit or other type of environmental or governmental score. In order to offer investments containing subjective standards, the standards must be fully disclosed and explained to potential customers or investors before entering into a contract. Declares this issue a matter of statewide concern
Comment:
Staff 2
  01/21/2025 8:26 AM

1/20 Added to BT tracking

Staff 2
  01/22/2025 3:16 PM

1/22 BT recommends opposing

Staff 2
  01/27/2025 2:12 PM

1/24 PA approved opposition

Last Action:
02/04/2025 
S - Senate Minority Caucus - Y
SB1121 - Property tax; limited value; methodology
Sponsor: Sen. J.D. Mesnard (R)
Summary: Requires the county assessor to determine the level or percentage of full cash value to be established pursuant to this legislation using either all parcels in the county that are of the same or similar user classification, or, parcels in each market established by the county assessor in the county that are of the same or similar use or classification.
Comment:
Staff 2
  01/21/2025 8:22 AM

1/20 Added to BT tracking

Last Action:
02/03/2025 
S - DP   - Senate Finance
SB1122 - Property tax exemptions; inflation adjustment
Sponsor: Sen. J.D. Mesnard (R)
Summary: Requires the Arizona Department of Revenue (ADR) to calculate by December 31 of each year the total allowable exemption amount based on the average annual percentage increase, if any, in the GDP price deflator in the two most recent complete state fiscal years, and, starting in 2025, based on the average annual percentage increase, if any, in the “Federal House Price Index” (defined) for the two most recent complete fiscal years, and the total income limits amount to qualify for an exemption, as defined by law, to be based on the average annual percentage increase, if any, in the GOP price deflator in the two most recent complete state fiscal years. 
Comment:
Staff 2
  01/21/2025 8:22 AM

1/20 Added to BT tracking

Last Action:
02/03/2025 
S - DP   - Senate Finance
SB1144 - Jail facilities excise tax; extension
Sponsor: Sen. Kevin Payne (R)
Summary: Permits a county Board of Supervisors of any county that levies a jail facilities excise tax, pursuant to state law, by resolution before the expiration date of that tax, to call for a county wide general election to authorize the levy of a transaction privilege tax in addition to all other taxes. Upon approval by voters, the county in question shall levy, and the Arizona Department of Revenue (ADR) shall collect, the tax at rates of not more than 4% of the Transaction Privilege Tax Rate, pursuant to state law. Defines the verbiage that must be in the resolution, the schedule for the tax to be levied and the point at which the tax sunsets. Requires the State Treasurer, on a monthly basis, to transmit the net revenues collected pursuant to this legislation. Permits a county treasurer to disperse revenues from the tax only to finance construction and renovation of adult and juvenile jail facilities, maintain and operate adult and juvenile jail facilities, and fund and implement other programs designed to reduce the expense of adult and juvenile facilities. Stipulates that this legislation self-repeals on January 1st, 2028, if as of December 1, 2027, the tax has not been approved by voters. (More.)
Comment:
Staff 2
  01/21/2025 8:21 AM

1/20 Added to BT tracking

Staff 2
  01/22/2025 3:17 PM

1/22 BT recommend supporting

Staff 2
  01/27/2025 2:12 PM

1/24 PA approved supporting

Last Action:
01/30/2025 
S - Hearing Scheduled - 02/05/2025, 2:00 PM - Senate PS, SHR 109
SB1206 - Special deposits; banks; requirements; definitions
Sponsor: Sen. Shawnna Bolick (R)
Summary: Describes the type of customer and deposit that this legislation applies to as it pertains to a special deposit and account agreement, and outlines who this legislation does not affect. Defines how and when account arrangements may be modified, when consent is needed from a third party, and when it is not. Defines special deposits and lists criteria that determine them to be special deposits. Outlines the role and responsibility of a bank pertaining to a account agreements and the existence of beneficiaries. Stipulates that a depositor or a beneficiary does not have a property interest in a special deposit and outlines the legal limitations to property interest in special deposits. Describes the roles, permissions and prohibitions of a creditor process as it pertains to a special deposit. Lists existing legal recourse pertaining to special deposits and paying a depositor or beneficiary. Defines permissible charges and the duty a bank has to a beneficiary. Stipulates that unless otherwise provided in an account agreement, a special deposit terminates not more than five years after the date that it was first funded, and if a bank cannot identify or locate a beneficiary that is entitled to receive payment when the special deposit is terminated, the bank shall pay the balance to the depositor. (More.)
Comment:
Staff 2
  01/23/2025 3:05 PM

1/22 Added to BT tracking

Last Action:
02/04/2025 
S - Hearing Scheduled - 02/10/2025, 2:00 PM - Senate FIN, SHR 1
SB1216 - TPT; utilities classification; reporting
Sponsor: Sen. Hildy Angius (R)
Summary: Requires an individual who produces and furnishes, or furnishes to customers, natural or artificial gas and water, or provides to retail electric customers ancillary services, electric distribution services, electric generation services, electric transmission services, and other services related to providing electricity, to keep the books of their business so as to show separately gross proceeds of sales, to residential and nonresidential customers. Requires the entity mentioned to report those amounts to the Arizona Department of Revenue (ADR) using an official form, pursuant to state law. Directs the ADR To revive the transaction privileges tax return form, pursuant to this legislation, by the seventh month after the effective date. Stipulates that this legislation applies to taxable periods beginning on or after the first day of the month following the sixth month after the general effective date.
Comment:
Staff 2
  01/23/2025 3:03 PM

1/22 Added to BT tracking

Last Action:
02/04/2025 
S - Hearing Scheduled - 02/10/2025, 2:00 PM - Senate FIN, SHR 1
SB1222 - Internal revenue code; conformity
Sponsor: Sen. J.D. Mesnard (R)
Summary: For the purpose of Title 42 (Taxation) for the purposes of computing income tax for taxable years staring January 1, 2024, the “Internal Revenue Code” means the US Internal Revenue Code of 1986, as amended, including 2023 provisions with specific adoption of retroactive effective dates, but including no changes after January 1, 2024 and provisions that are retroactively effective during 2023.
Comment:
Staff 2
  01/23/2025 2:44 PM

1/22 Added to BT tracking

Last Action:
02/03/2025 
S - DP   - Senate Finance
SB1224 - Property tax; limited property value
Sponsor: Sen. J.D. Mesnard (R)
Summary: Requires a limited property value to be established at a level of percentage of full cash value that is comparable to other properties of the same or similar use, including property that previously qualified for property valuation protection, pursuant to the constitution of Arizona, if the title to the property is conveyed to a person that does not qualify for property valuation protection, or the current owner of the property no longer qualifies, or did not reapply for property valuation protection, or the property that previously qualified for “statutory valuation” (defined) and no longer qualifies.
Comment:
Staff 2
  01/24/2025 9:35 AM

1/24 Added to BT tracking

Last Action:
02/03/2025 
S - DP   - Senate Finance
SB1274 - Tax corrections act of 2025
Sponsor: Sen. J.D. Mesnard (R)
Summary: Prohibits any employee, agent, or contractor of the Arizona Department of Revenue (ADR) from preparing any Arizona tax return in exchange for compensation and establishes a violation of that is grounds for immediate dismissal or removal from any duties performed as an agent or contractor of the ADR. Permits a part-time or seasonal employee, pursuant to state law, to have withholding deducted in the manner prescribed by law. Stipulates that gambling winnings be withheld at the highest tax rate prescribed by law. Adds a partnership that amends its return, pursuant to federal tax law as needing to file a return for the reviewed year, pursuant to state law. Stipulates that interest does not accrue and is not payable for any Arizona rebate, pursuant to this legislation. Applies retroactively to the taxable years beginning January 1, 2022 and October 30, 2023, pursuant to the definitions in this legislation. (More.)
Comment:
Staff 2
  01/24/2025 9:31 AM

1/24 Added to BT tracking

Last Action:
02/03/2025 
S - DP   - Senate Finance
SB1318 - Income tax rate; reduction; surplus
Sponsor: Sen. J.D. Mesnard (R)
Summary: For each tax year beginning with 2026, the Department of Revenue is required to reduce the individual income tax rate for the current tax year so that the amount of the rate reduction is equal to that tax year's "Arizona taxpayer return," defined as 50 percent of the "structural surplus" (defined) for the immediately following fiscal year. 
Comment:
Staff 2
  01/31/2025 6:20 PM

1/30 Added to BT tracking

Last Action:
02/04/2025 
S - Hearing Scheduled - 02/10/2025, 2:00 PM - Senate FIN, SHR 1
SB1331 - Income tax subtraction; capital gains
Sponsor: Sen. J.D. Mesnard (R)
Summary: Strikes references to net long-term capital gain included in federal gross income for the taxable year derived from an investment in an asset during specific date ranges. Stipulates that beginning January 1, 2025, the tax rate is 25% of the net long-term capital gain included in federal adjusted gross income.
Comment:
Staff 2
  01/31/2025 6:19 PM

1/31 Added to BT tracking

Last Action:
02/04/2025 
S - Hearing Scheduled - 02/10/2025, 2:00 PM - Senate FIN, SHR 1
SB1380 - Property tax oversight commission; continuation
Sponsor: Sen. J.D. Mesnard (R)
Summary:   The statutory life of the Property Tax Oversight Commission is extended six months to January 1, 2034. Retroactive to July 1, 2025.
Comment:
Staff 2
  01/31/2025 6:16 PM

1/31 Added to BT tracking

Last Action:
02/04/2025 
S - Hearing Scheduled - 02/10/2025, 2:00 PM - Senate FIN, SHR 1
SB1464 - Tax laws; interpretation; application; hearing
Sponsor: Sen. J.D. Mesnard (R)
Summary: Requires the Arizona Department of Revenue (ADR) to inform the Chairpersons of the Arizona Senate Finance Committee and Arizona House of Representatives Ways and Means Committee, or their successors, if a proposed new interpretation or application of any ARS pertaining to taxation or income taxation will adversely affect taxpayers. Permits the Chairpersons of those two committees to hold a hearing on the proposed new interpretation or application and recommend that the ADR accept or reject the proposal. Permits the new interpretation or application to take affect if the legislature is in session and neither committee Chairpersons initiates a hearing within 60 days. If the notice is received when the legislature is out of session, a hearing must be held within 60 days of the next legislative session or the interpretation or application takes effect.
Comment:
Staff 2
  01/31/2025 6:11 PM

1/31 Added to BT tracking

Last Action:
02/04/2025 
S - Hearing Scheduled - 02/10/2025, 2:00 PM - Senate FIN, SHR 1
SB1471 - Electric vehicles; gas tax equivalent
Sponsor: Sen. David C. Farnsworth (R)
Summary: Allows the Arizona Department of Transportation (ADOT) to establish a tax on fuel sources not covered by the motor vehicle fuel possessed tax, or listed alternative fuel taxes, that is consistent with the tax of the motor vehicle class that the motor vehicle is replacing. Stipulates that for electric vehicles less than 10,001 pounds gross vehicle weight, the sax is to be the average of the tax amount paid by a comparable vehicle charged a fuel possessed tax, or a tax that is comparable to a fuel possessed tax that is based on a motor vehicle’s kilowatt-hour usage to a gasoline equivalent. Sets conversion standard that ADOT must use in determining the tax assessment. Establishes that this legislation is only effective if two-thirds of the members of the Arizona legislature support it, and if the Governor vetoes the bill, if three-fourths of the members of the legislature vote to overturn the veto.  
Comment:
Staff 2
  01/31/2025 6:10 PM

1/31 Added to BT & TI tracking

Last Action:
02/04/2025 
S - Referred to Committee - Rules - Senate Rules
SCR1008 - Municipalities; counties; vote; fee increases
Sponsor: Sen. Warren Petersen (R)
Summary: The 2026 general election ballot is to carry the question of whether to amend specific, listed Arizona Revised Statutes regarding voter approval of tax implementations and increases, and subsequent modifications of assessments and municipal fees at the county and municipal levels.
Comment:
Staff 2
  01/23/2025 3:06 PM

1/22 Added to BT tracking

Last Action:
01/30/2025 
S - Hearing Scheduled - 02/05/2025, 9:00 AM - Senate GOV, SHR 1
SCR1014 - Surplus; income tax rate; reduction
Sponsor: Sen. J.D. Mesnard (R)
Summary: The 2026 general election ballot is to carry the question of whether to amend state statute to require the Department of Revenue, for each tax year beginning with 2028, to reduce the individual income tax rate for the current tax year so that the amount of the rate reduction is equal to that tax year's "Arizona taxpayer return," defined as 50 percent of the "structural surplus" (defined) for the immediately following fiscal year. 
Comment:
Staff 2
  01/31/2025 6:24 PM

1/31 Added to BT tracking

Last Action:
02/04/2025 
S - Hearing Scheduled - 02/10/2025, 2:00 PM - Senate FIN, SHR 1
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