AZ HB2269

Establishes a joint legislative tax exemption review committee to review transaction privilege and use tax exemptions under title 42, chapter 5 according to a ten-year review schedule, with findings reported annually by December 15.

Renames the "joint legislative income tax credit review committee" to the "joint legislative tax exemption review committee" to expand its scope beyond income tax credits to include all tax exemptions.

Revises the income tax credit review schedule to occur on a ten-year cycle (years ending in 1-0) instead of the previous five-year cycle (years ending in 0 and 5, 1 and 6, etc.), with specific credits assigned to each year.

Defines "tax exemption" to include any provision in tax law that exempts persons, income, goods, services or property from established taxes, including deductions, exclusions, exemptions, and credits, with specific exclusions noted.

Requires the committee to compile and adopt a ten-year transaction privilege tax exemption review schedule by December 15, 2023, using the same evaluation standards applied to income tax credits.