REFERENCE TITLE: corporate income tax rate; reduction State of Arizona House of Representatives Fifty-seventh Legislature First Regular Session 2025 HB 2421 Introduced by Representatives Kolodin: Hendrix, Keshel, Kupper An Act amending section 43-1111, Arizona Revised Statutes; relating to corporate income tax. (TEXT OF BILL BEGINS ON NEXT PAGE)
REFERENCE TITLE: corporate income tax rate; reduction
State of Arizona House of Representatives Fifty-seventh Legislature First Regular Session 2025
HB 2421
Introduced by Representatives Kolodin: Hendrix, Keshel, Kupper
REFERENCE TITLE: corporate income tax rate; reduction
State of Arizona
House of Representatives
Fifty-seventh Legislature
First Regular Session
2025
HB 2421
Introduced by
Representatives Kolodin: Hendrix, Keshel, Kupper
An Act
amending section 43-1111, Arizona Revised Statutes; relating to corporate income tax.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona: Section 1. Section 43-1111, Arizona Revised Statutes, is amended to read: START_STATUTE43-1111. Tax rates for corporations There shall be levied, collected and paid for each taxable year upon on the entire Arizona taxable income of every corporation, unless exempt under section 43-1126 or 43-1201 or as otherwise provided in this title or by law, taxes in an amount of the greater of fifty dollars $50 or: 1. For taxable years beginning through December 31, 2013, 6.968 per cent percent of net income. 2. For taxable years beginning from and after December 31, 2013 through December 31, 2014, 6.5 per cent percent of net income. 3. For taxable years beginning from and after December 31, 2014 through December 31, 2015, 6.0 per cent percent of net income. 4. For taxable years beginning from and after December 31, 2015 through December 31, 2016, 5.5 per cent percent of net income. 5. For taxable years beginning from and after December 31, 2016 through December 31, 2025, 4.9 per cent percent of net income. 6. For taxable years beginning from and after December 31, 2025, 2 percent. END_STATUTE
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 43-1111, Arizona Revised Statutes, is amended to read:
START_STATUTE43-1111. Tax rates for corporations
There shall be levied, collected and paid for each taxable year upon on the entire Arizona taxable income of every corporation, unless exempt under section 43-1126 or 43-1201 or as otherwise provided in this title or by law, taxes in an amount of the greater of fifty dollars $50 or:
1. For taxable years beginning through December 31, 2013, 6.968 per cent percent of net income.
2. For taxable years beginning from and after December 31, 2013 through December 31, 2014, 6.5 per cent percent of net income.
3. For taxable years beginning from and after December 31, 2014 through December 31, 2015, 6.0 per cent percent of net income.
4. For taxable years beginning from and after December 31, 2015 through December 31, 2016, 5.5 per cent percent of net income.
5. For taxable years beginning from and after December 31, 2016 through December 31, 2025, 4.9 per cent percent of net income.
6. For taxable years beginning from and after December 31, 2025, 2 percent. END_STATUTE