Loading chat...

AZ SB1252

Bill

Official Source

Status

Engrossed

3/4/2021

Primary Sponsor

Warren Petersen

Click for details

Origin

Senate

Fifty-fifth Legislature - First Regular Session (2021)

AI Summary

  • Amends Arizona Revised Statutes section 43-1122 to add a new subtraction from Arizona gross income for corporations.

  • Allows corporations to subtract the first $100,000 of Arizona gross income for taxable years beginning after December 31, 2021.

  • The subtraction applies to all corporations computing Arizona taxable income, without limitation to specific business types or structures.

Legislative Description

Corporate income tax; subtraction

Taxable Year

Last Action

House read second time

3/10/2021

Committee Referrals

Rules3/9/2021
Ways and Means3/4/2021
Rules1/25/2021
Finance1/21/2021

Full Bill Text

No bill text available