AZ HB2360

Amends A.R.S. § 42-5014 to increase estimated tax payment thresholds for high-volume taxpayers required to pay transaction privilege taxes and affiliated excise taxes.

Increases the annual tax liability threshold triggering mandatory estimated June tax payments from $1,000,000 to $1,600,000 (2020), $2,300,000 (2021), $3,100,000 (2022), $4,100,000 (2023), and $4,100,000 for each year thereafter.

Raises electronic filing requirement thresholds: from $20,000 (2017), to $10,000 (2018), to $5,000 (2019), to $500 (2020).

Modernizes statutory language regarding transaction-by-transaction reporting and clarifies grammatical terminology throughout the statute.

Takes effect December 31, 2019 for the electronic filing provisions and applies to future calendar years for estimated payment thresholds.