ARIZONA HOUSE OF REPRESENTATIVES

57th Legislature, 2nd Regular Session

Majority Research Staff

Senate: FIN DP 7-0-0-0 | Third Read 27-0-3-0-0

☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note

SB 1430: tax corrections act of 2026

Sponsor: Senator Mesnard, LD 13

Committee on Ways & Means

Overview

Makes technical and clarifying changes, corrects errors and removes obsolete language to the tax statutes administered by the Department of Revenue (DOR).

History

Every year DOR and Legislative Council review the tax statutes and provide corrections for errors, remove obsolete language, address blending problems and provide technical clarifications to the tax statutes.

Provisions

1.   Removes the requirement of being sold to or purchased by the "ultimate consumer" for cash equivalents, precious metal bullion and monetized bullion to be exempt from the Retail Classification and use tax. (Sec. 1,2)

2.   Specifies, for unclaimed property purposes regarding a property owner's right to receive or recover unclaimed property, the period of limitation is tolled if the holder is expressly notified by DOR that the holder is under audit or if the holder files a fraudulent report. (Sec. 5)  

3.   Makes technical changes. (Sec. 1, 2, 3 and 4)

 

 

 

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Initials                 SB 1430

2/23/2026  Page 0 Ways & Means

 

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