AZ SB1471

Amends insurance premium tax reporting requirements, requiring the director of insurance to report annually to the joint legislative budget committee on insurance premium tax credits used during the previous fiscal year.

Repeals title 23, chapter 4, article 5.2 (job training employer tax provisions) effective December 31, 2015, and modifies the Arizona job training fund to remove references to job training employer tax monies.

Establishes a new fee assessment system for counties, cities and towns receiving state shared revenues, capped at $20,755,835 total annually, with fees assessed based on prior distribution amounts and population.

Modifies government property lease excise tax provisions by requiring the joint legislative budget committee to analyze tax effectiveness by December 15, 2016, and adjusts the distribution formula for convention center development fund.

Authorizes a voluntary tax recovery program from September 1, 2015 through October 31, 2015, allowing taxpayers to abate penalties and interest on unpaid taxes from specified periods without showing reasonable cause.