AZ SB1466

Allows taxpayers to claim a credit against Arizona's transaction privilege tax (TPT) for tribal taxes paid on the same tax base during the same taxable period.

The credit amount cannot exceed the TPT taxes owed for the taxable period, and the tribal tax must be levied on gross proceeds of sales or gross income from business conducted in Arizona.

Taxpayers must claim the credit in the manner prescribed by the Department of Revenue, and are ineligible if they fail to pay TPT before it becomes delinquent.

Excludes from the credit tribal taxes on businesses engaged in Indian gaming facility construction or mining/quarrying of nonmetalliferous mineral products within Arizona.

Defines "tribe" as any federally recognized tribe, nation, band, or community of Indians that levies taxes on gross proceeds of sales or gross income from business conducted in Arizona.