AZ HB2689

Amends Arizona Revised Statutes Section 42-5002 to add a new exclusion from gross income for transaction privilege tax (TPT) purposes.

Allows taxpayers to exclude stolen gross income, receipts, or proceeds from TPT calculations if they report the theft to local law enforcement and file an affidavit with the Department of Revenue.

Establishes that filing a false affidavit claiming stolen revenues is a class six felony.

Applies to any gross income or receipts that were actually stolen from the taxpayer, provided proper reporting and documentation procedures are followed.