corporate income tax; disclosure; database

HB 2365 requires publicly traded corporations (including those traded internationally) and their subsidiaries doing business in Arizona to submit detailed annual financial reports to the state. The reports must include specific tax-related data like Arizona gross income, deductions, tax credits, related-party payments, and employment figures, with a unique identifier for each corporation. Corporations must file within 30 days after Arizona tax deadlines (or 90 days after federal filings if not required to file in Arizona). This creates a centralized database to improve transparency in corporate tax reporting without changing tax rates or creating new taxes.