HB 2373 - Tax Corrections Act of 2019

• Amends multiple Arizona tax statutes to make technical corrections and adjustments to tax administration procedures, including audit duration limits, penalty provisions, and electronic filing requirements.

• Removes the requirement for international operations centers to meet specific investment thresholds for utility relief eligibility beginning June 30, 2015, while maintaining existing certification and revocation procedures.

• Repeals section 43-1083.04 (renewable energy credit) and consolidates renewable energy investment tax credit provisions into section 43-1164.05, including a $10,000,000 annual cap on credits for international operations centers.

• Updates tobacco product enforcement provisions, including seizure and forfeiture procedures, and modifies distributor license requirements and denial/revocation standards.

• Makes clarifying edits to language in multiple tax code sections regarding income tax credits, sales tax provisions, and various penalty and fee definitions.