The proposed bill would introduce a new section to the Arizona Revised Statutes that establishes a one-time individual income tax rebate for eligible taxpayers in Pinal County. Specifically, it mandates the Arizona Department of Revenue (ADOR) to issue a $300 rebate to taxpayers whose primary residence was in Pinal County during taxable years 2018 through 2024, provided they filed a full-year resident tax return for taxable year 2026. The bill outlines the payment timeline, requiring rebates to be issued between October 15, 2027, and November 15, 2027, and specifies that payments should be made via electronic funds transfer or by mail if necessary.

Additionally, the bill includes provisions for claim applications for those who do not receive their rebate by the deadline, stipulates that rebates must be subtracted from Arizona gross income for tax purposes, and establishes that all related appeals will follow uniform administrative procedures. It also requires ADOR to enter into a memorandum of understanding with Pinal County and the Pinal Regional Transportation Authority to manage the rebate payments from an escrow account. The section is set to be repealed after December 31, 2032.