Bill > HB4029

This bill mandates that the Governor's Office of Strategic Planning and Budgeting and the Joint Legislative Budget Committee annually assess whether aligning Arizona's income tax laws with changes to the federal Internal Revenue Code would cause a revenue shift of $100 million or more. If such a significant revenue impact is projected, the Governor must decide whether a special legislative session is needed to address these changes and inform legislative leaders of this decision. The bill also updates the powers and duties of the Director of the Department of Revenue, requiring them to issue reports on tax expenditures and revisions to the Internal Revenue Code by specific dates, and clarifies that the department cannot create tax forms that contradict current statutes. Additionally, it modifies requirements for electronic filing of tax returns for certain preparers and entities, with provisions for waivers under specific circumstances.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/85542