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HB 2365

corporate income tax; disclosure; database

57th Legislature - First Regular Session Introduced by Oscar De Los Santos

Arizona bill requiring corporate income tax disclosure in a public database to increase tax transparency and enable assessment of corporate tax burden equity.

House Second Reading
0
WeVote Research Nonpartisan
Bill Summary · HB 2365

Legislative bill overview

HB 2365 requires Arizona corporations to disclose certain income tax information that would be compiled into a public-facing database. The bill mandates transparency in corporate tax filings, making previously confidential financial data available for public scrutiny. This applies to businesses operating or filing taxes in Arizona.

Why is this important

Corporate tax transparency directly affects public understanding of tax equity and revenue distribution. Citizens and policymakers could use this data to evaluate whether corporations pay their fair share and inform future tax policy decisions. The database could reveal significant disparities in effective tax rates across industries and company sizes.

Potential points of contention

  • Privacy concerns: Critics argue the database exposes proprietary business information and competitive trade secrets that corporations consider confidential, potentially disadvantaging Arizona companies against out-of-state competitors
  • Business opposition: Corporations may argue disclosure burdens compliance costs, discourages business location in Arizona, and enables unfair comparisons that ignore legitimate tax deductions and credits
  • Data accuracy debates: Questions about how the database handles loss carryforwards, federal tax credits, and multi-state allocation formulas—complexity that simple disclosure might misrepresent to the public

Compiled from official sources — confirm details with the bill’s official record.

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