AZ SB1466

Renames the "Joint Legislative Income Tax Credit Review Committee" to the "Joint Legislative Tax Expenditure Review Committee" and expands its scope to review transaction privilege and use tax expenditures in addition to income tax credits.

Requires the committee to adopt a 10-year review schedule for transaction privilege tax expenditures by December 15, 2026, evaluating whether each expenditure should be amended, retained, or repealed.

Changes the income tax credit review cycle from every 5 years to every 10 years and reorganizes the review schedule across years ending in 0-9.

Establishes evaluation standards including the history and revenue impact of tax expenditures, measurable economic benefits such as job creation and investment, and administrative complexity.

Authorizes the Department of Revenue to disclose statistical information to the renamed committee and requires reports on findings and recommendations be submitted to legislative leadership and the governor by December 15 of each review year.