The proposed bill, if enacted, would amend several sections of the Arizona Revised Statutes to correct errors, remove obsolete language, and clarify tax statutes. Specifically, it would update the language regarding the sale of cash equivalents and precious metal bullion by removing the requirement that these sales must be made to the ultimate consumer. Additionally, it would clarify the period of limitation on unclaimed property by specifying that this period is tolled if the property holder is notified by the Arizona Department of Revenue (ADOR) that they are under audit.

Furthermore, the bill would repeal a specific section of the statutes and make various technical changes to ensure consistency and clarity in the law. It would also adjust the language in several provisions to reflect current practices and eliminate outdated terms. Overall, these updates aim to streamline tax regulations and improve the efficiency of the Department of Revenue's operations.

Statutes affected:
Introduced Version: 42-5061, 42-5159, 43-1504, 44-321, 42-5156, 23-501, 36-1901, 28-5201, 42-5074, 42-6017, 88-525, 95-627, 99-661, 111-296, 28-5739, 28-8344, 42-5001, 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, 42-5029, 42-5032.01, 42-5032.03, 48-4238, 48-4201, 28-4301, 41-1520, 20-224.06, 43-1183, 15-901