Arizona HB2785 amends tax laws to conform to federal changes, adjust standard deductions, and modify subtractions for various income types.

Arizona HB2785 amends several sections of the Arizona tax code to conform to changes in the federal Internal Revenue Code. It adjusts the standard deduction for individual taxpayers, modifies subtractions for various income types, and specifies the application of the Internal Revenue Code for different taxable years. The bill also addresses electronic filing requirements for tax preparers and taxpayers, and outlines conditions for waivers from electronic filing. It applies retroactively to taxable years beginning from and after December 31, 2024.

Arizona HB2785 amends tax laws to conform to federal changes, adjust standard deductions, and modify subtractions for various income types.

Arizona HB2785 amends several sections of the Arizona tax code to conform to changes in the federal Internal Revenue Code. It adjusts the standard deduction for individual taxpayers, modifies subtractions for various income types, and specifies the application of the Internal Revenue Code for different taxable years. The bill also addresses electronic filing requirements for tax preparers and taxpayers, and outlines conditions for waivers from electronic filing. It applies retroactively to taxable years beginning from and after December 31, 2024.