If enacted, this bill would amend several sections of the Arizona Revised Statutes related to taxation, correcting errors and obsolete language while providing clarifications. Key updates include specifying that interest does not accrue on the 2023 Arizona Families Tax Rebate, expanding the list of individuals prohibited from preparing tax returns to include ADOR agents and their supervisors, and allowing immediate dismissal of agents who accept compensation for tax preparation. Additionally, the bill removes the requirement for qualifying health care organizations to file annual financial audits with ADOR and allows certain seasonal employees to elect income tax withholding.

The bill also modifies tax withholding requirements for gambling winnings, changing the withholding rate from 20% to the highest individual income tax rate of 2.5%. It clarifies the process for partnerships and S corporations to elect entity-level taxation and requires partnerships that amend returns due to IRS audits to file specific returns. Furthermore, the bill includes retroactive provisions for certain sections, ensuring they apply to specified taxable years. Overall, these changes aim to streamline tax processes and eliminate outdated regulations.

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
House Engrossed Version: 42-1008, 42-5001, 42-5061, 42-6009, 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, 42-5005, 42-5076, 42-5010, 42-6002, 42-2003, 42-5003, 43-104, 42-1130, 43-1096, 43-401, 43-1011, 43-1412, 43-1126, 43-581
Conference 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
Chaptered 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