AZ HB2301

Extends the carryforward period for unused renewable energy production tax credits from 5 consecutive taxable years to 20 consecutive taxable years in both Arizona income tax and corporate tax statutes.

Applies to taxpayers whose allowable tax credit exceeds their taxes otherwise due under Arizona tax law or when no taxes are due, allowing unused credits to be carried forward against future years' income tax liability.

Modifies sections 43-1083.02 and 43-1164.03 of Arizona Revised Statutes, which govern renewable energy production tax credits for both individual and corporate taxpayers.

Does not change the credit amounts, eligibility requirements, application procedures, or the $20 million annual cap on total credits authorized by the Department of Revenue.