Bill > SB1274

This bill makes several technical corrections and amendments to various sections of Arizona tax law. The bill modifies provisions related to tax withholding, gambling winnings, entity-level tax elections for partnerships and S corporations, and federal tax assessment procedures. Specifically, the bill clarifies rules for Department of Revenue employees preparing tax returns, updates definitions in tax classifications, adjusts withholding requirements for certain employees, changes how gambling winnings are taxed, modifies entity-level tax election procedures for partnerships and S corporations, updates federal tax assessment handling for partnerships, and makes technical changes to a previous tax rebate law. The bill includes retroactive application for some provisions, allowing them to take effect in previous tax years. The changes aim to provide clarity, close potential loopholes, and streamline tax administration processes for both taxpayers and the Arizona Department of Revenue.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/82636