Assigned to FIN                                                                                                            AS PASSED BY HOUSE

ARIZONA STATE SENATE

Fifty-Seventh Legislature, Second Regular Session

AMENDED

FACT SHEET FOR S.B. 1430

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. Removes, from the items exempt from transaction privilege tax and use tax, the specification that the sale of cash equivalents and precious metal bullion and monetized bullion must be to the ultimate consumer.

2. Makes technical changes.

3. Becomes effective on the general effective date.

Amendments Adopted by the House of Representatives

· Removes the specification 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.

Senate Action House Action

FIN                 2/2/26        DP       7-0-0                   WM                 3/4/26        DPA           7-0-1-1                      

3^rd Read          2/19/26                  27-0-3                 3^rd Read          3/25/26                          51-0-9

Prepared by Senate Research

March 30, 2026

MG/hk