AZ SB1216

Requires utilities engaged in the business defined in section 42-5063 to separately track and report gross proceeds of sales to residential customers versus nonresidential customers on their tax returns.

Department of Revenue must revise the transaction privilege tax return form within six months of the bill's effective date to accommodate the new reporting requirements.

The new reporting requirement applies to taxable periods beginning on or after the first day of the month following six months after the general effective date.

Section 2 of the bill (regarding form revision) repeals on December 31, 2026.