HB 2069 - Reduces State Income Tax Rates - Arizona Key Vote

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Title: Reduces State Income Tax Rates

Vote Smart's Synopsis:

Vote to pass a bill that reduces individual income taxes if the state collects sales tax for online purchases from out-of-state retailers.

Highlights:

  • Requires the Department of Revenue to estimate the amount of additional revenue collected during the first full year following the passage of a “qualifying federal law” requiring online retailers to collect sales tax (Sec. 1).
  • Defines “qualifying federal law” as any federal law to expand the state’s authority to require out-of-state retailers to collect and remit to the state transaction privileges and use of taxes on purchases made by residents of the state (Sec. 1).
  • Requires the Department of Revenue to reduce state income tax rates by the estimated amount of additional revenue collected from online sales tax (Sec. 1).

 

NOTE: THIS VOTE RECONSIDERS A PREVIOUS VOTE.

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