House of Representatives

HB 2088

income tax subtraction; dividends; repeal

Sponsors: Representative May

 

X

Committee on Ways & Means

 

Caucus and COW

 

Third Read

 

 

As Passed the House

 

HB 2088 eliminates the corporate income tax deduction for dividend income received from Arizona corporations.

 

History

 

In 1973, the Legislature enacted a corporate and individual income tax deduction for dividends received from Arizona corporations.  (Arizona corporations must have more than 50% of their business in Arizona.)  In 1989, the Legislature passed a bill to increase the individual income tax while at the same time providing simplification.  Consequently, this provision was repealed for individuals beginning in the 1990 tax year.  The corporate deduction still exists.

 

The estate of Helen Ladewig filed a refund claim on the grounds that this deduction was an unconstitutional violation of the commerce clause and sought a refund for tax years 1986 through 1989.  This was the only claimed filed.  The case further claimed it was seeking refunds for the entire class of taxpayers with non-Arizona dividends.

 

Judge Dougherty of the Tax Court found the statute unconstitutional.  On advice from the Attorney General’s Office, DOR ceased to defend the statute.  However, the Judge further ruled that a class existed and ruled that the class was all taxpayers for the years 1986 through 1989 who had dividends.  DOR appealed the portion of the ruling on the class action declaration and the Arizona Court of Appeals agreed with DOR.  The Arizona Supreme Court overturned that decision on August 29, 2001 and reinstated the class action.

 

Provisions

 

·                      Eliminates the corporate income tax deduction for dividends received from Arizona corporations.

 

·                      Repeals the statute that defines Arizona corporations for corporate income tax purposes.

 

·                      Makes technical and conforming changes.

 

 

 

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45th Legislature                       

Second Regular Session            2          January 18, 2002

 

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