JLBC; income tax review; report

Plain English Breakdown

The bill summary text, digest text, and excerpt do not provide information about specific actions to be taken based on the report or details about Arizona Revised Statutes beyond mentioning section references.

JLBC Income Tax Review Report

This bill requires the Joint Legislative Budget Committee (JLBC) staff to submit an annual report on Arizona's individual income tax rates and related adjustments and deductions.

What This Bill Does

• Requires JLBC staff to create an annual report reviewing and categorizing information based on individual income tax rate brackets for the prior taxable year.
• Includes details about adjustments made by taxpayers for their gross income in the previous year.
• Includes details about deductions and credits taken by taxpayers from the previous year.

Who It Names or Affects

• The Joint Legislative Budget Committee (JLBC) staff
• Taxpayers who file Arizona state taxes

Terms To Know

Joint Legislative Budget Committee (JLBC)

A committee in the Arizona legislature that reviews and makes recommendations on budget matters.

Limits and Unknowns

• Does not specify what actions must be taken based on the report.
• Only applies to income tax rates and does not cover other types of taxes.

Official Summary Text

SB1468 - JLBC; income tax review; report

Current Bill Text

SB1468 - 572R - I Ver

REFERENCE TITLE:
JLBC; income tax review; report

State of Arizona

Senate

Fifty-seventh Legislature

Second Regular Session

2026

SB 1468

Introduced by

Senators
Epstein: Alston, Gabald�n, Gonzales, Miranda, Sundareshan;� Representative
Sandoval

AN
ACT

amending
title 41, chapter 7, article 10, Arizona Revised Statutes, by adding section 41-1275;
relating to the joint legislative budget committee.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it enacted by the Legislature of the State of Arizona:

Section 1. Title 41, chapter 7, article 10,
Arizona Revised Statutes, is amended by adding section 41-1275, to read:

START_STATUTE
41-1275.

Annual income tax rate review; report

On or before November 1 of each year, the joint
legislative budget committee staff shall submit a report to the president of
the senate and the speaker of the house of representatives reviewing and
categorizing, based on the individual income tax rate brackets prescribed by
section 43-1011 for the 2022 taxable year, the following information:

1. The individual income tax rate
prescribed by section 43-1011.

2. The adjustments to Arizona gross
income made by taxpayers pursuant to title 43, chapter 10, article 3 for the
prior taxable year.

3. The deductions and credits taken
by taxpayers pursuant to title 43, chapter 10, articles 4 and 5 for the prior
taxable year.
END_STATUTE