Income/Franchise:
Arizona DOR Issues Guidance on Entity-Level Taxation for Some Pass-through Entities
Publication 713: The Arizona Pass-Through Entity Election, Ariz. Dept. of Rev. (2/23). The Arizona Department of Revenue issued some implementation guidance on Arizona’s elective entity level tax for certain pass-through entities [see H.B. 2838 (2021) and previously issued Multistate Tax Alert for more details on this tax as originally enacted, as well as S.B. 1579 (2022) and State Tax Matters, Issue 2022-21, and H.B. 2871 (2022) and State Tax Matters, Issue 2022-27, for some subsequently enacted changes to this entity level tax]. Among other topics, the guidance addresses which entities are eligible to make the election, how to make the election, estimated payment requirements and other tax compliance-related matters. Please contact us with any questions.
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