AZ HB2611

Amends the statute of limitations for Arizona tax assessments by modifying Section 42-1104 to clarify that when taxpayers report federal income tax changes resulting in increased Arizona income tax liability, the department can assess additional tax within 6 months of the amended return filing or the standard limitation period, whichever is later.

Removes outdated provisions (paragraphs 7 and 8) regarding agreements with the U.S. Commissioner of Internal Revenue for extensions of federal deficiency assessment periods and renumbers remaining paragraphs accordingly.

Modifies Section 42-2075 to update cross-references to the renumbered statute of limitations paragraphs, changing references from paragraph 9 to paragraph 7.

Applies the amended provisions retroactively to taxable years beginning after December 31, 2007.