AZ HB2070

Amends Arizona Revised Statutes section 43-645 regarding interest on tax deficiencies and overpayments related to trusts, estates, and individuals.

Modifies subsection B to clarify that corrections to erroneous income inclusions or deductions for grantors of trusts, beneficiaries of estates or trusts, children, spouses of children, or spouses may result in credits between overpayments and deficiencies.

Specifies that no interest shall be assessed on the portion of a deficiency extinguished by credit for the overpayment after the overpayment date.

Clarifies that the section does not limit the department's authority to offset or recoup barred assessments against overpayments.