SB1468 amends corporate income tax rules for business income allocation in Arizona.

SB1468 amends Arizona's corporate income tax laws to revise how business income is apportioned. It introduces new methods for calculating income allocation for multistate service providers and modifies the situs of sales for various types of income. The bill specifies different formulas for apportioning income based on the type of business activity and the period in which the income is earned. It also defines terms such as "income-producing activity sales" and "market sales" to clarify the scope of the changes.

SB1468 amends corporate income tax rules for business income allocation in Arizona.

SB1468 amends Arizona's corporate income tax laws to revise how business income is apportioned. It introduces new methods for calculating income allocation for multistate service providers and modifies the situs of sales for various types of income. The bill specifies different formulas for apportioning income based on the type of business activity and the period in which the income is earned. It also defines terms such as "income-producing activity sales" and "market sales" to clarify the scope of the changes.