corporate income tax; minimum

HB 2902 amends Arizona's corporate income tax law to increase the minimum tax for larger corporations. It sets a $1,000 minimum tax for corporations with 50 or more employees (up from $50), while smaller corporations remain subject to the $50 minimum. This change applies to taxable years beginning after December 31, 2025, and affects businesses meeting the employee threshold. The bill modifies Section 43-1111 of Arizona Revised Statutes to implement this targeted tax adjustment.