The proposed bill, if enacted, would amend several sections of the Arizona Revised Statutes related to taxation, correcting errors and obsolete language while addressing various tax-related issues. Key updates include specifying that interest does not accrue on the 2023 Arizona Families Tax Rebate retroactively to October 30, 2023, and expanding the list of individuals prohibited from preparing tax returns to include agents or contractors of the Department of Revenue and their supervisors. Additionally, the bill allows for immediate dismissal of agents or contractors who accept compensation for tax return preparation, removes the requirement for qualifying health care organizations to file annual financial audits with the Department, and modifies tax withholding rules for part-time or seasonal agricultural employees.

Further changes involve the withholding of gambling winnings at a reduced tax rate, the elimination of municipal tax authority on long-term online lodging rentals, and clarifications regarding the election to be taxed at the entity level for partnerships and S corporations. The bill also includes technical and conforming changes, with certain provisions applying retroactively to specified dates. Overall, these updates aim to streamline tax processes and ensure compliance with current standards.

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