ARIZONA HOUSE OF REPRESENTATIVES

Fifty-sixth Legislature

First Regular Session

Senate: FIN DPA 7-0-0-0 | 3rd Read 29-0-1-0

SB 1473: tax corrections act of 2023

Sponsor: Senator Mesnard, LD 13

Committee on Ways & Means

Overview

Corrects errors and obsolete language, addresses blending problems and provides clarifying changes to the tax statutes.

History

The Department of Revenue (DOR) annually reviews the statutes related to taxation and makes recommendations to correct errors, remove obsolete language and address clarity. These recommendations are then compiled into an annual tax corrections bill.

Provisions

1. Authorizes DOR to disclose a taxpayer's confidential information to the Office of Economic Opportunity to perform their duties and obligations to or on behalf of the State. (Sec. 1)

2. Requires a motor vehicle dealer to retain a copy of the nonresident registration permit to establish a Transaction Privilege Tax deduction for sales of motor vehicles to nonresidents that are used outside of Arizona. (Sec. 2)

3. Repeals the Client County Equipment Capitalization Fund. (Sec. 4)

4. Removes the requirement that a property tax notice of appeal be served on DOR. (Sec. 6)

5. Subjects partners or shareholders of a business that is treated as a partnership or S corporation for federal income tax purposes that consent to Arizona's entity-level tax to be taxed at the highest Arizona individual income tax rate. (Sec. 7)

6. Adds shelter to the definition of services for the purpose of administering the Credit for Contribution to Qualifying Charitable Organizations. (Sec. 8)

7. Makes technical and conforming changes. (Sec. 1, 2, 3, 5, 8)

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11. SB 1473

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