HB2081 Summary

• Amends Arizona Revised Statutes section 43-1022 to add a new subtraction from Arizona gross income for tipped wages.

• Allows taxpayers to subtract compensation received as tips during the taxable year that are reported to the employer pursuant to 26 U.S.C. section 6053(a).

• Subtraction applies for taxable years beginning on or after December 31, 2024.

• Subtraction applies only to the extent tips are not already excluded from Arizona gross income under the Internal Revenue Code.