AZ SB1006

Amends Arizona Revised Statutes Section 42-1117 regarding the tax refund account established in the state general fund.

Clarifies that the director of the department of administration has authority to transfer excess amounts from the tax refund account to the state general fund when the account balance exceeds amounts needed for refunds.

Requires the director to adjust any transferred amounts for redeposit into the tax refund account if the transfer reduces the balance below the amount required for refunds.

Mandates that any amount remaining in the tax refund account on June 30 of each year exceeding $500,000 must be transferred to the state general fund.