AZ SB1468

Requires the Joint Legislative Budget Committee (JLBC) staff to submit an annual report by November 1 to the Senate President and House Speaker reviewing Arizona's individual income tax rates.

The report must categorize information based on the individual income tax rate brackets that were in effect for the 2022 taxable year under section 43-1011.

JLBC must review the current individual income tax rate prescribed by statute, along with adjustments taxpayers made to Arizona gross income in the prior taxable year.

The report must also include analysis of deductions and credits claimed by taxpayers under Title 43, Chapter 10, Articles 4 and 5 for the prior taxable year.