AZ SB1352

Amends Arizona corporate income tax rates, maintaining the existing graduated tax structure with rates ranging from 6.968% (through 2013) down to 4.9% (from 2017 onward) of net income.

Establishes a minimum corporate tax amount of $50 or the calculated tax, whichever is greater.

Creates a new $1,000 minimum tax for corporations with 50 or more employees that are not otherwise exempt from taxation.

Applies to taxable years beginning after December 31, 2023.

Requires approval by at least two-thirds of both legislative houses and becomes effective upon the governor's signature or three-fourths legislative override of a gubernatorial veto.