AZ SB1349

Establishes sunset dates for existing individual and corporate income tax credits, with various credits repealing between December 31, 2018 and December 31, 2027, though taxpayers may carry forward unused portions.

Requires all new individual or corporate income tax credits enacted by the legislature to include a specific repeal date no later than December 31 of the tenth full calendar year following enactment, and a purpose clause explaining the credit's rationale.

Extends the sunset dates for two transaction privilege and use tax credits through December 31, 2027: the telecommunications services revenue reduction credit and the accounting and reporting expenses credit.

Modifies the joint legislative income tax credit sunset review committee to review credits during the twelve months before their repeal dates and report findings by December 15, with the committee itself terminating July 1, 2027.

Requires that any new transaction privilege or use tax credit enacted include a specific repeal date no later than December 31 of the tenth full calendar year following enactment.