AZ HB2354

Amends Arizona Revised Statutes section 42-1107 to allow extension periods for income tax returns to aggregate up to seven months after the initial due date for corporate and exempt organization returns, instead of the previous six-month limit.

Extension or extensions granted under this subsection may not aggregate more than six months after the due date for other taxpayers, maintaining the existing standard.

Clarifies that the seven-month extension applies only to corporate or exempt organization returns and does not include small business corporation returns filed under section 43-1126.

Applies retroactively to taxable years beginning after December 31, 2019.