AZ SB1270

Creates a credit against Arizona transaction privilege taxes for taxes paid to federally recognized Indian tribes on the same tax base during the same taxable period.

The credit amount cannot exceed the state taxes owed for the taxable period and requires the tribal tax to be levied on gross proceeds of sales or gross income from business conducted in Arizona.

Taxpayers must claim the credit as prescribed by the Department of Revenue on their tax return and must pay state taxes before they become delinquent to qualify.

Excludes from the credit any gross proceeds or income from businesses located within Indian gaming facilities, gaming facility construction, or mining and quarrying operations.

Defines "tribe" to include any federally recognized tribe, nation, band, or community of Indians that levies taxes on gross proceeds of sales or gross income from business conducted in Arizona.