HB 2274 Summary

• Prohibits taxpayers from selling or transferring tax credits authorized under specific Arizona statutes (Title 20, Chapter 2, Article 1; Chapter 10, Article 5; Chapter 11, Article 6).

• Makes all income tax credits enacted after December 31, 2023 non-refundable.

• Adds a new subtraction for virtual currency and non-fungible tokens received through airdrops, valued at the time of receipt, excluding subsequent appreciation.

• Adds a subtraction for gas fees related to virtual currency and non-fungible token transactions not already included in basis.

• Applies amendments to section 43-1022 retroactively to taxable years beginning after December 31, 2022.