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AZ HB2772
Bill
Status
Introduced
2/10/2025
Primary Sponsor
Myron Tsosie
Click for details
AI Summary
- Allows a credit against Arizona transaction privilege tax (sales tax) for taxes paid to a federally recognized Indian tribe on the same tax base during the same taxable period
- Requires the tribal tax to be levied on gross proceeds of sales or gross income from business conducted in Arizona to qualify for the credit
- Limits the credit amount to taxes due under Arizona law minus the taxpayer's proportionate share of monies distributed to municipalities and counties under section 42-5029
- Requires taxpayers to claim the credit as prescribed by the Department of Revenue, which may be incorporated into the standard return form
- Denies the credit if the taxpayer fails to pay Arizona taxes before they become delinquent
Legislative Description
Sales tax credit; tribal taxes
Tribal Taxes
Last Action
House read second time
2/11/2025
Committee Referrals
Rules2/10/2025
Ways and Means2/10/2025
Full Bill Text
No bill text available