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What is the new tax law in Arizona 2023?

Ordinance No. 2022-1801 decreases the rate of taxation from two and three quarters percent (2.75%) to a rate of two percent (2.00%). This rate change has an effective date of January 1, 2023. Codes on the Transaction Privilege and Other Rate Tables affected by the rate change are listed below.

Did Arizona state taxes change in 2023?

What are the tax rates in 2022 and 2023? For tax year 2022, there are two individual income tax rates, 2.55% and 2.98%. The new flat tax of 2.5% will affect the 2023 tax year which is filed by April 2024.

Did Arizona state taxes change?

Question: What are the changes in the individual income tax for Arizona? Answer: The primary changes in the Individual Income Tax (IIT) for Arizona are a tax rate cut to 3% for 2022 for most filers and 2.5% in 2023 and beyond. This new 2.5% rate will apply to all filers in 2023 and beyond.

How much is Arizona state income tax?

How does Arizonas tax code compare? Arizona has a flat 2.50 percent individual income tax. Arizona has a 4.90 percent corporate income tax rate, a 5.60 percent state sales tax rate, a max local sales tax rate of 5.30 percent, and a 8.37 percent combined state and local sales tax rate.

What is the status of my Arizona amended tax return?

To check the status of your Arizona state refund online, take the following steps: Visit . Enter your Social Security Number. Select your filing status from the drop down.

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