AZ HB2332

Allows individuals to declare use tax liability on their state income tax form when tangible personal property subject to use tax was purchased without tax collection by a retailer.

Exempts taxpayers from interest and penalties on deficiencies resulting from nonconformity with the Internal Revenue Code if they filed returns in reliance on the Department's published forms and instructions and timely amend their returns when the Department updates guidance.

Limits the Department's obligation to pay interest on refunds from amended returns related to nonconformity unless the refund is paid more than 60 days after the filing deadline or due date, whichever is later.

Defines "conformity" as an amendment to tax law adopting the Internal Revenue Code definition for a given tax year, and "nonconformity" as either conformity combined with additional amendments that don't conform to the Internal Revenue Code or no amendment to conform in a given year.