AZ SB1364

Amends Arizona's corporate income tax law to increase the minimum tax amount for corporations with 50 or more employees from $50 to $1,000, effective for taxable years beginning after December 31, 2020.

Maintains existing corporate income tax rates of 4.9 percent of net income for taxable years beginning after December 31, 2016.

Applies only to corporations that have 50 or more employees and are not otherwise exempt from tax under Arizona law.

Requires approval by at least two-thirds of both houses of the legislature and becomes effective immediately upon the governor's signature or upon three-fourths legislative override of a gubernatorial veto.