Bill > SB1430

This bill, the Tax Corrections Act of 2026, makes several amendments to Arizona tax law, primarily focusing on sales tax exemptions and provisions related to educational scholarships. It amends section 42-5061 of the Arizona Revised Statutes to adjust the retail classification and its associated exemptions, and it also modifies section 42-5159, which details exemptions for the use tax, including changes related to projects on Indian reservations and the sale of cash equivalents, precious metal bullion, and monetized bullion. Additionally, the bill repeals a specific version of section 42-5159 that was amended by a previous legislative act, ensuring clarity and avoiding conflicting provisions. Finally, it amends section 43-1504, which governs corporate donations to school tuition organizations for low-income scholarships, by making technical corrections to language regarding student eligibility, particularly for children in foster care, and clarifying the process for scholarship disbursement and refunds.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/84999