AZ HB2422

Requires the Department of Revenue to annually report information beginning in 2018 for corporations claiming or carrying forward more than $5,000 in income tax credits enacted after December 31, 2016.

Annual report must include the aggregate amount of each corporate tax credit claimed and carried forward by all taxpaying corporations, plus the name and credit amounts for each individual corporation.

Department must transmit the report to the Governor, President of the Senate, Speaker of the House, finance and ways and means committee chairs, and the Secretary of State.

Amends confidentiality disclosure rules to permit the Department of Revenue to publicly disclose the annual corporate income tax credit report required under the new section 42-1131.