AZ HB2465

Amends Arizona Revised Statutes section 43-1011 to modify individual income tax rate brackets and structures for various taxable year periods from 1996 through 2006.

Establishes specific tax rates and income bracket thresholds for single filers, married filing separately, married filing jointly, and heads of household across multiple effective date periods.

Beginning January 1, 2013, requires the Department of Revenue to annually adjust income dollar amounts in each tax rate bracket based on the average annual change in the metropolitan Phoenix consumer price index published by the U.S. Bureau of Labor Statistics.

Specifies that adjusted dollar amounts for tax brackets shall be rounded to the nearest whole dollar, and income thresholds cannot be revised below the amounts prescribed in the prior taxable year.