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AZ SB1150

Bill

Official Source

Status

Introduced

1/19/2011

Primary Sponsor

Russell Pearce

Click for details

Origin

Senate

Fiftieth Legislature - First Regular Session (2011)

AI Summary

  • Amends section 43-1092 of Arizona Revised Statutes relating to nonresident income tax treatment.

  • Changes language in subsection B from "which is derived" to "that is derived" regarding income from small business corporations.

  • Changes language in subsection B from "taxable income of this state" to "taxable income in this state" for consistency.

  • Clarifies that nonresident income from small business corporations making elections under section 43-1126 is considered taxable income in Arizona.

Legislative Description

Technical correction; taxes; intangible income

Last Action

Referred to Senate RULES Committee

1/20/2011

Full Bill Text

No bill text available