HB2461

Arizona HB2461 imposes a 1% payroll tax surcharge on businesses with 50 or more employees to fund community college apprenticeship and workforce.

Arizona HB2461 amends the state tax code to establish a new 1% payroll tax surcharge on businesses with 50 or more employees, effective for taxable years beginning after December 31, 2026. The surcharge applies to Arizona small business taxpayers and business owners, who must pay the surcharge based on their ownership interests. The revenues collected from this surcharge will be deposited into the community college apprenticeship and workforce development program fund, which will support the development and administration of apprenticeship and workforce development programs at community.