This bill proposes updates to the Arizona Revised Statutes regarding income tax forms and instructions. Specifically, it would amend the existing statute to clarify that the Arizona Department of Revenue (ADOR) must assume that the Legislature will enact amendments to state law that align with the U.S. Internal Revenue Code (IRC), but only as those amendments pertain to federal adjusted gross income (FAGI) or federal taxable income. The current language remains largely unchanged, but the bill adds specificity regarding the scope of conformity and nonconformity.

Additionally, the bill defines the terms "conformity" and "nonconformity" as they relate to the IRC, ensuring that these definitions are consistent with existing statutes. The requirement for ADOR to supplement forms and instructions in the event of nonconformity is also retained. Overall, the bill aims to streamline the process of updating tax forms in accordance with federal tax law changes while maintaining the existing framework of state tax law.

Statutes affected:
Introduced Version: 43-329
Senate Engrossed Version: 43-329