AZ SB1627

Amends Arizona Revised Statutes section 44-337 to clarify the definition of the director's decision as a final "administrative decision" as defined in section 41-1092 rather than a final "decision or order."

Allows the director of the Department of Revenue to abate all or part of interest accrued on unclaimed property deficiencies caused by unreasonable error or delay by department officers or employees.

Allows the director to abate interest on unclaimed property payments when errors or delays in payment are attributable to department officer or employee error.

Restricts interest abatement consideration to situations where no significant aspect of the error or delay can be attributed to the property holder, and only after the department contacts the holder in writing regarding the deficiency or payment.

Requires the department to provide written information to each new transaction privilege tax licensee regarding reporting and remittance of unclaimed property.