AZ SB1106

Amends Arizona's corporate income tax law to establish a minimum tax of $1,000 for corporations with 50 or more employees that are not otherwise tax-exempt.

Replaces the previous $50 minimum tax amount with the $1,000 minimum for qualifying corporations.

Maintains existing graduated corporate tax rates ranging from 4.9% to 6.968% of net income depending on the taxable year.

Applies to taxable years beginning on or after December 31, 2022.

Requires passage by at least two-thirds vote in both legislative chambers and is subject to veto override provisions requiring three-fourths majority.