AZ SB1206

Amends Arizona Revised Statutes section 43-1092 to make technical corrections to language regarding nonresident income taxation.

Changes the word "which" to "that" in subsection B when describing income derived from small business corporations making an election under section 43-1126.

Changes the word "of" to "in" in subsection B to clarify that such income is considered taxable income in this state.

Makes no substantive changes to the tax treatment of nonresident income from intangible property or small business corporations.