Arizona HB2491 amends corporate income tax laws to change business income allocation and sales situs rules.

Arizona HB2491 modifies corporate income tax regulations by altering the allocation of business income and the situs of sales for non-tangible personal property. The bill introduces new apportionment methods for business income, varying the formula based on the year and type of income. It also redefines the situs of sales for non-tangible personal property, specifying conditions under which sales are considered to occur within the state.

Arizona HB2491 amends corporate income tax laws to change business income allocation and sales situs rules.

Arizona HB2491 modifies corporate income tax regulations by altering the allocation of business income and the situs of sales for non-tangible personal property. The bill introduces new apportionment methods for business income, varying the formula based on the year and type of income. It also redefines the situs of sales for non-tangible personal property, specifying conditions under which sales are considered to occur within the state.