AZ SB1752

Updates Arizona's definition of "internal revenue code" in tax statutes to reference the federal Internal Revenue Code as amended and in effect on March 11, 2021, effective for taxable years beginning after December 31, 2020.

For taxable years 2020, incorporates retroactive provisions from four federal COVID-19 relief acts: Families First Coronavirus Response Act (P.L. 116-127), CARES Act (P.L. 116-136), Paycheck Protection Program Flexibility Act (P.L. 116-142), Consolidated Appropriations Act 2021 (P.L. 116-260), and American Rescue Plan Act (P.L. 117-2).

For earlier taxable years (2009-2019), similarly incorporates retroactive provisions from various federal acts including disaster relief, tax technical corrections, and COVID-19 relief legislation that became effective during those years.

Removes the reference to January 1, 2020 as the operative date in the definition of "internal revenue code" in section 42-1001, updating it to March 11, 2021.

Effective date: April 14, 2021 (date approved by governor and filed with Secretary of State).