AZ HB2353

Expands the joint legislative tax expenditure review committee to review transaction privilege and use tax expenditures under title 42, chapter 5, in addition to existing income tax credit reviews.

Establishes a ten-year review schedule for transaction privilege tax expenditures, with the committee required to compile and adopt the schedule by December 15, 2021.

Requires the committee to report findings and recommendations on or before December 15 of each review year to the president of the senate, speaker of the house, governor, and secretary of state.

Defines "tax expenditure" as any provision exempting persons, income, goods, services, or property from established taxes and classifications, including deductions, exclusions, exemptions, allowances, and credits.

Revises the income tax credit review schedule to spread reviews across all ten years rather than concentrating them in even or odd years, with each credit reviewed on a five-year cycle.