Senate Bill 1747 Summary

• Extends deadline for department to establish third-party service provider certification process for tangible personal property sourcing from January 1, 2026 to January 1, 2028.

• Increases school tuition organization tax credit cap from $10,000,000 to $135,000,000 for fiscal year 2024-2025 and each fiscal year thereafter, removing previous annual percentage increase formula.

• Extends forest products equipment tax exemption deadline from June 30, 2024 to December 31, 2026.

• Authorizes school districts subject to Qasimyar v. Maricopa County tax judgment to issue tax anticipation notes and allows use of prior year cash balances to pay property tax refunds in fiscal year 2024-2025.

• Establishes procedure for state to adjust school district aid related to tax judgment refunds and requires tax bills to include notice about property tax rate increases for refunds.