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ARIZONA STATE SENATE
Fifty-Seventh Legislature, Second Regular Session
tax corrections act of 2026
Purpose
Corrects errors and obsolete language, addresses blending problems and provides clarifying changes to tax statutes.
Background
The Arizona Department of Revenue (ADOR) and Legislative Council review the tax statutes for errors, obsolete language and blending problems. These recommendations are then compiled into an annual bill.
There is no anticipated fiscal impact to the state General Fund associated with this legislation.
Provisions
1. Specifies that the period of limitation on an unclaimed property owner's right to receive or recover unclaimed property is tolled if the property holder is expressly notified by ADOR that the holder is under audit.
2. Removes, from the items exempt from TPT and use tax, the specification that the sale of cash equivalents and precious metal bullion and monetized bullion must be to the ultimate consumer.
3. Makes technical changes.
4. Becomes effective on the general effective date.
Prepared by Senate Research
January 28, 2026
MG/hk