corporate income tax; disclosure; database

HB 2487 requires publicly traded corporations doing business in Arizona - including those traded on foreign exchanges or owned by publicly traded entities - to file annual disclosure statements with the Arizona Commission. These statements must include specific financial data like Arizona gross income, apportionment factors, tax liabilities, and details on affiliated payments, with filings due within 30 days of Arizona tax return deadlines. Corporations not required to file Arizona tax returns may use an alternative simplified statement reporting gross receipts ranges and reasons for non-filing. The bill establishes a unique corporate identifier to track data consistently year-to-year and mandates revised filings for amended returns or audit adjustments. This applies directly to corporations meeting the ownership or trading criteria operating within Arizona.