This bill proposes several updates to current tax statutes in Arizona, primarily aimed at correcting errors, removing obsolete language, and clarifying existing provisions. Notably, it specifies that interest does not accrue on the 2023 Arizona Families Tax Rebate retroactively to October 30, 2023. It also expands the list of individuals prohibited from preparing tax returns to include agents or contractors of the Department of Revenue and their supervisors, while allowing for immediate dismissal of those who violate this rule. Additionally, the bill removes the requirement for qualifying health care organizations to file annual financial audits with the Department of Revenue.

Other significant changes include allowing part-time or seasonal agricultural workers to elect income tax withholding, adjusting the withholding rate on gambling winnings to the highest individual income tax rate of 2.5%, and clarifying the process for partnerships to elect entity-level taxation. The bill also makes technical and conforming changes to various sections of the Arizona Revised Statutes, with certain provisions applying retroactively to specified dates. Overall, these updates aim to streamline tax administration and ensure compliance with current tax laws.

Statutes affected:
Introduced Version: 42-1008, 42-5001, 42-5061, 43-403, 43-405, 43-1014, 43-1414, 42-5029, 42-5044, 42-5156, 23-501, 36-1901, 28-5201, 42-5074, 42-6017, 88-525, 95-627, 99-661, 111-296, 28-5739, 28-8344, 42-5075, 42-5009, 28-2154, 28-2154.01, 42-5073, 3-311, 46-191, 36-551, 41-3201, 41-1514.02, 1-215, 49-426, 49-480, 41-1516, 44-1771, 42-5014, 42-5063, 45-604, 28-1171, 104-104, 41-1519, 44-1302, 42-5064, 42-5032.01, 43-104, 42-1130, 43-1096, 43-401, 43-1011, 43-1412, 43-1126, 43-581
Senate Engrossed Version: 42-1008, 42-5001, 42-5061, 43-403, 43-405, 43-1014, 43-1414, 42-5029, 42-5044, 42-5156, 23-501, 36-1901, 28-5201, 42-5074, 42-6017, 88-525, 95-627, 99-661, 111-296, 28-5739, 28-8344, 42-5075, 42-5009, 28-2154, 28-2154.01, 42-5073, 3-311, 46-191, 36-551, 41-3201, 41-1514.02, 1-215, 49-426, 49-480, 41-1516, 44-1771, 42-5014, 42-5063, 45-604, 28-1171, 104-104, 41-1519, 44-1302, 42-5064, 42-5032.01, 43-104, 42-1130, 43-1096, 43-401, 43-1011, 43-1412, 43-1126, 43-581