AZ SB1543

Amends Arizona corporate income tax law to establish a minimum tax of $1,000 for corporations with 50 or more employees, replacing the current $50 minimum tax amount.

Maintains existing corporate tax rate structure ranging from 4.9 percent to 6.968 percent of net income depending on the taxable year.

Applies to taxable years beginning after December 31, 2019.

Requires a two-thirds vote in both houses of the legislature for passage and takes effect immediately upon the governor's signature or upon a three-fourths vote override if vetoed.