AZ HB2069

Requires the Department of Revenue to estimate additional revenue collected from transaction privilege and use taxes on internet sales by out-of-state retailers following enactment of qualifying federal law.

Directs the department to calculate proportional income tax rate reductions across all tax brackets in the following taxable year to offset the estimated new online sales tax revenue.

Requires the department to certify the new tax rates to the governor, speaker of the house, and president of the senate, with rates taking effect in the taxable year following certification.

Defines "qualifying federal law" as any federal law expanding Arizona's authority to require out-of-state retailers to collect and remit transaction privilege and use taxes.

Repeals this section if the Marketplace Fairness Act or similar federal law is not enacted by December 31, 2020.