AZ SB1301

Clarifies confidential tax information disclosure rules by resolving conflicting amendments from Laws 2013, chapters 40, 114, 222, and 255, regarding which version of section 42-2003 takes precedence.

Amends transaction privilege tax provisions related to prime contracting, commercial leases, and qualified destination management companies to correct statutory conflicts and clarify deductions.

Modifies income tax provisions for individuals and corporations by repealing obsolete tax credit and addition/subtraction sections (43-1024, 43-1028, 43-1081.02, 43-1082, 43-1090.01, 43-1124, 43-1180, 43-1182) and renumbering related provisions.

Adds new long-term health care savings account provisions (section 43-1032) allowing Arizona residents to subtract contributions included in federal adjusted gross income and requiring annual reporting by account administrators.

Effective December 31, 2014, for amended sections related to tax disclosure, transaction privilege taxes, and prime contracting classifications.