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AZ HB2629

Bill

Official Source

Status

Introduced

1/20/2026

Primary Sponsor

Lorena Austin

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - Second Regular Session (2026)

AI Summary

  • Increases the minimum corporate income tax from $50 to $1,000 for corporations with 50 or more employees in Arizona
  • Maintains the current $50 minimum tax for corporations with fewer than 50 employees
  • Preserves the existing 4.9% corporate income tax rate on net income for taxable years beginning after December 31, 2016
  • Applies to taxable years beginning from and after December 31, 2026
  • Requires a two-thirds vote of both legislative chambers for enactment due to its tax-related nature under Arizona's Constitution

Legislative Description

Corporate income tax; minimum

Last Action

House read second time

1/21/2026

Committee Referrals

Rules1/20/2026
Ways and Means1/20/2026

Full Bill Text

No bill text available