AZ HB2840

Amends Arizona corporate income tax minimum tax requirement for corporations with 50 or more employees from $50 to $1,000 per taxable year, effective for tax years beginning after December 31, 2024.

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

Requires an affirmative vote of at least two-thirds of both legislative houses for passage and takes effect immediately upon the governor's signature.