Arizona SB1575 amends corporate income tax rules for business income allocation.

Arizona SB1575 modifies the allocation of business income for corporate tax purposes. It allows multistate service providers to elect to treat sales from services as being in Arizona based on a combination of income-producing activity sales and market sales. The bill specifies different methods for calculating the sales factor for various periods and types of income. It also includes provisions for air commerce, educational services, and intangible property. The changes apply to taxable years beginning from and after December 31, 2006, through December 31, 2026.

Arizona SB1575 amends corporate income tax rules for business income allocation.

Arizona SB1575 modifies the allocation of business income for corporate tax purposes. It allows multistate service providers to elect to treat sales from services as being in Arizona based on a combination of income-producing activity sales and market sales. The bill specifies different methods for calculating the sales factor for various periods and types of income. It also includes provisions for air commerce, educational services, and intangible property. The changes apply to taxable years beginning from and after December 31, 2006, through December 31, 2026.