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AZ HB2297

Bill

Status

Introduced

5/2/2019

Primary Sponsor

Randall Friese

Click for details

Origin

House of Representatives

Fifty-fourth Legislature - First Regular Session (2019)

AI Summary

  • Increases the corporate minimum tax from $50 to $500 for Arizona corporations.
  • Maintains the existing graduated corporate income tax rate structure at 4.9 percent for taxable years beginning after December 31, 2016.
  • Applies to taxable years beginning from and after December 31, 2019.
  • Requires an affirmative vote of at least two-thirds of both chambers of the legislature to enact.

Legislative Description

Corporate minimum income tax

Corporate Income Taxes

Last Action

Assigned to House RULES Committee

5/2/2019

Full Bill Text

No bill text available