Bill Text: AZ SB1408 | 2022 | Fifty-fifth Legislature 2nd Regular | Engrossed

---

Bill Title: Luxury privilege tax; credit

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2022-03-15 - House read second time [SB1408 Detail]

Download: Arizona-2022-SB1408-Engrossed.html

---

 

 

 

Senate Engrossed

 

luxury privilege tax; credit

 

 

 

 

State of Arizona

Senate

Fifty-fifth Legislature

Second Regular Session

2022

 

 

 

SENATE BILL 1408

 

 

An Act

 

amending title 42, chapter 3, article 8, Arizona Revised Statutes, by adding section 42-3357; relating to luxury privilege tax.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

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

Section 1. Title 42, chapter 3, article 8, Arizona Revised Statutes, is amended by adding section 42-3357, to read:

START_STATUTE42-3357. Credit for craft distillers, farm wineries and microbreweries

A. A credit is allowed against the taxes imposed by this chapter as follows:

1. For a taxpayer that holds a license pursuant to section 4-205.10 and that paid the tax imposed pursuant to section 42-3052, paragraph 1, an amount of $2 per gallon or a proportionate rate for any lesser or greater quantity than one gallon for the first twenty thousand gallons produced.

2. For a taxpayer that holds a license pursuant to section 4-205.04 and that paid the tax imposed pursuant to section 42-3052, paragraph 2, an amount of $.50 per gallon or a proportionate rate for any lesser or greater quantity than one gallon for the first twenty thousand gallons produced.

3. For a taxpayer that holds a license pursuant to section 4-205.08 and that paid the tax imposed pursuant to section 42-3052, paragraph 4, an amount of $.10 per gallon or a proportionate rate for any lesser or greater quantity than one gallon for the first five hundred thousand gallons produced.

B. A taxpayer shall claim the credit for each tax period on forms prescribed and furnished by the department, which may be incorporated in the return form prescribed pursuant to this chapter. A claim for credit is not allowed if the taxpayer fails to pay the tax due, plus any estimated tax liability, before the payment becomes delinquent. The department shall recapture any credit amounts claimed by the taxpayer but disallowed.

C. The credits under this section may not be removed from the allocations prescribed in section 42-3106. END_STATUTE

Sec. 2. Applicability

This act applies to taxable periods beginning on or after the first day of the month following the general effective date.